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D.R. Mathews, Inc. has a 6 percent bonds outstanding that mature in 5 years. The bonds pay interest semiannually and have a face value of
D.R. Mathews, Inc. has a 6 percent bonds outstanding that mature in 5 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $989 each. What is D.R. Mathew's annualized pre-tax cost of debt? 3.13 percent 7.23 percent 4.76 percent O 6.26 percent
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