Question 18 2.5 pts FINA Inc. wants to issue bonds instead of borrowing from banks and hires Merrill Lynch. Merrill Lynch advises that FINA s $1,000 face value bonds with a coupon rate of 10% payable semi-annually and maturity of 10 years will sell for $890. Merrill Lynch will charge $20 per bonds for its services. If FINA is subject to 30% tax rate, what is the cost of debt through bonds issuing for FINA, Inc.? 8.36% 6.15% 8.61% 8.63%