maturity of $10\%,$ how much should she pay for this bond?

$62=12=N,\mathrm{.}0751000=\frac{75}{2}=37\mathrm{.}5=PM+,\frac{10}{2}=$ I FV $=1600CPFPV=889,21$

Fresh Fish Food has bonds that mature in $8$ years. The bonds have a $2\mathrm{.}5\%$ coupon rate paid semi$-$annually. They have a yield to maturity of $6\%$ and a

tax bracket of $38\%.$ Flotation costs are $12\%$ of the price. What is the cost of debt?

$82=16=N\mathrm{.}0251000\frac{25}{2}=12\mathrm{.}5PMt\frac{6}{2}=3=$I,$PV=-780\mathrm{.}18(1-\mathrm{.}12)=686\mathrm{.}56$