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need a,b,c,d 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

image text in transcribedneed a,b,c,d

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 13.7% 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? a. $43.716.000 b. $53,988,000 c. $69,582,000 d. $73,998,000

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