Question 2: Assuming Nile University of Nigeria, a fast-growing private educational service has hired a newly incorporated Mercy-Doris Investment Bankers to help sell their new bond and agree to compensate Mercy-Doris services at N25 per bond sold. If the bond is a semi-annual bond with 6% coupon rate and N1, 000 par value with 20 years maturity sells in the market for N800, a). What is the cost of debt capital for Nile University of Nigeria? (15 marks) b). What in your view are the implications of this transaction to Nile University of Nigeria? (10 marks)