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The bond Winston Enterprises has a 15-year bond issue outstanding that pays a 9% coupon. entily priced at $894.60 and has a par value of

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The bond Winston Enterprises has a 15-year bond issue outstanding that pays a 9% coupon. entily priced at $894.60 and has a par value of $1,000. Coupon is paid semiannually What is the before-tax cost of bond for Winston Enterprises? a. b. C. d. e. 5.20% 8.67% 10.16% 10.40% None of the above

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