To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity. This bond has a 9.25% annual coupon, paid semiannually, sells at a price of $1,075, and has a par value of $1,000. The firm's tax rate is 40%. Question 1 ( 0.2 points) Calculate the yield to maturity for this bond. (Hint: N, PV, FV, and PMT are given. I/Y is unknown. Make sure to adjust N, PMT, and I/Y for semi-annual compounding.) 7.25% 7.63% 8.05% 8.47% 8.88% Calculate the cost of debt. \begin{tabular}{|l|} \hline 4.35% \\ \hline 4.58% \\ \hline 4.83% \\ \hline 5.08% \\ \hline 5.33% \\ \hline \end{tabular}