Hi,

I need help with this problem using Excel. I've already tried to answer this problem several times...

Cost of debt with fees Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year The bonds will pay a coupon rate of 87% with semiannual payments and will mature in 30 years Its par value is $100. DMI hires an investment banker for the sale of the 600,000 bonds. The investment banker charges a fee of 2% on each bond sold. What is the cost of debt to DMI if the following are the proceeds before the banker's fees are deducted? b. c. d.