Too Young, Incorporated, has a bond outstanding with a coupon rate of $7\mathrm{.}2$ percent and semiannual payments. The bond currently sells for $$1,884$ and matures in $18$ years. The par value is $$2,000.$ What is the company's pretax cost of debt?

Multiple Choice

$8\mathrm{.}40\%$

$8\mathrm{.}13\%$

$7\mathrm{.}90\%$