signments > Chapter U9 Homework Chapter 09 Homework FIN 315-02 Business Finance razeim batineh : Homework: Chapter 09 Homework Save Score: 0 of 1 pt 3 of 10 (7 complete) HW Score: 63.5%, 6.35 of 10 pts P9-5 (similar to) Question Help 0 HUU WUJL VI ULVI VILL VI y Vully LLI, HIV, IDHI MILUJJIVI VILI HIYLULIITIIL VLIVIJ IvyuI HIY IJUULIVU VI HIV WIVU. TIL HYWLITIIL VLIIVI HIVI HITUIHITUL THI LILIL different maturities will carry different coupon rates and sell at different prices. The firm must choose among several alternatives. In each case, the bonds will have a $1,000 par value and flotation costs will be $30 per bond. The company is taxed at 25%. Use the approximation formula to calculate the after-tax cost of financing with the following alternative. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Coupon rate 8% Time to maturity 15 years Premium or discount -$160 The after-tax cost of financing using the approximation formula is %. (Round to two decimal places.)