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Dunder - Mifflin, Inc. ( DMI ) is selling 6 0 0 , 0 0 0 bonds to raise money for the publication of new

Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of 13.5% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing costs)?$58,428,000$53,760,000$63,300,000$75,144,000

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