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The Thansis Valve corporation plans to issue bonds with the following characteristics: - 15 years to maturity - $1000 par value - Current price of

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The Thansis Valve corporation plans to issue bonds with the following characteristics: - 15 years to maturity - $1000 par value - Current price of $975 - Coupon rate of 8.5% - Coupons paid semiannually What is the component cost of debt (rD) for these bonds? Enter you answer as a decimal with a leading zero and 4 decimal places of precision (i.e., 0.1234)

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