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Several years ago the Yuksek-Sadakat Company sold a $1,000 par value, noncallable bond that now has 13 years to maturity and a 8% annual coupon

Several years ago the Yuksek-Sadakat Company sold a $1,000 par value, noncallable bond that now has 13 years to maturity and a 8% annual coupon that is paid semiannually. The bond currently sells for $875 and the companys tax rate is 25%. What is the component cost of debt for use in the WACC calculation? Do not round your intermediate calculations.

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