Question 1 (3 points) Find the Cost of Bond to the issue. The company issued 10,000 bonds of $1000 each to be redeemed for $1050 after 30 years. The coupon rate on each bond is $60 per year, and tax rate for companies in that province is 30%.

Find the Cost of Bond to the issue. The company issued 10,000 bonds of $1000 each to be redeemed for $1050 after 30 years. The coupon rate on each bond is $60 per year, and tax rate for companies in that province is 30%