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Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.4%, with coupons paid semiannually, and

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Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.4%, with coupons paid semiannually, and a price of 86.95 (percent of par). IB Attempt 1/10 for 10 pts. Part 1 What is the cost of debt? 3+ decimals Submit

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