P11-4 (similar to) Question Help Cost of debt Dunder Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of 10.4% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMI if the bonds raise the following amounts ignoring issuing costs)? a. $57.978,000 b. 550,064,000 c. 570,230,000 d. 580, 286,000