Question 3 2 pts Davey Tree Co, issued a 30-year, 12 percent semiannual bond 7 years ago. The bond currently sells for 110 percent of its face value. The company's tax rate is 35 percent. What is Davey Tree's pre-tax cost of debt? 12.0 percent 10.87 percent 5.41 percent 5.43 percent 10.81 percent 7.03 percent