Part of the Rock, Inc. has a

6%

coupon bond that matures in 11 years. The bond pays interest semiannually. If the bond is selling for

$600.34

and its face value is

$1,000

, what is the cost of debt of the firm? C\ A) 6.45 percent\ B) 8.41 percent\ C) 12.9 percent\ D) 13.5 percent\ E) 14.2 percent

5. Part of the Rock, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually. If the bond is selling for $600.34 and its face value is $1,000, what is the cost of debt of the firm? C A) 6.45 percent B) 8.41 percent C) 12.9 percent D) 13.5 percent E) 14.2 percent