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Floo Pow's bonds have 12 years to maturity. The bonds have $1,000 face value with an annual coupon rate of 8. The bonds paysemi-annual coupons

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Floo Pow's bonds have 12 years to maturity. The bonds have $1,000 face value with an annual coupon rate of 8. The bonds paysemi-annual coupons and are currently trading at 85% of par value. The tax rate is 35% What is the cost of debt? Select one O A 102% O 1663 och OD 231 OLS

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