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QUESTION 38 Duke Company issus a $1,000 par value, noncallable bond that has 30 years to maturity and a 6.00% annual coupon that is

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QUESTION 38 Duke Company issus a $1,000 par value, noncallable bond that has 30 years to maturity and a 6.00% annual coupon that is paid serannually. The bond is selling for $925, and the company's tax rate is 35% What is the component cost of debt for use in the WACC calculation? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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