Question
Question content area top Part 1 Cost of debt. Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines
Question content area top Part 1 Cost of debt. Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of 9.5% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing costs)? What is the cost of debt to DMI if the bonds raises
a.$57,762,000 b.$50,016,000 c.$67,626,000 d.$79,368,000
please show what you did on excel i keep trying to do it and i must be doing something wrong
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