Homework: Assignment 7 Question 3, P14-18 (similar to) Part 1 of 3 HW Score: 0%, 0 of 100 points O Points: 0 of 15 O Save Next question manufacturing plant. It has decided to issue a $1,000 pa annual coupon rate of 7.7 percent with interest paid semiannually and a 15-year (Cost of debt) Gillian Stationery Corporation needs to raise $630,000 to improve maturity. Investors require a rate of return of 10.6 percent. a. Compute the market value of the bonds. b. How many bonds will the fimm have to issue to receive the needed funds? c. What is the firm's after-tax cost of debt if the firm's tax rate is 34 percent? a. The market value of the bonds is S. (Round to the nearest cent.) Help me solve this View an example Get more help Clear all Check