D Question 3 4 pts A3. The current price of a bond is $1,240.00, its price on the issue date. The number of years to maturity of the bond is 5. The bond has a coupon rate of 12% that is paid out annually. Its value is $1,000 at the end of its maturity. The tax rate is 40%. What Is the pre-tax cost of the debt? (5) 6.26% (b) 8.32% Id 9.05% (d) 7.46% le) 8.74% O Ob