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Question 9 6 pts Coleman's tax rate is 35 percent. The current price of Colemans 12 percent coupon price, semiannual payment, noncallable bonds with 15

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Question 9 6 pts Coleman's tax rate is 35 percent. The current price of Colemans 12 percent coupon price, semiannual payment, noncallable bonds with 15 years remaining to maturity is $ 1,153.72. Coleman does not use short-term interest-bearing debt on a permanent basis. New bonds would be privately placed with no flotation cost What is the market interest rate on Colemans' debt and its component cost of debt? O .04 0.056 O .400 O.065

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