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Olmsted'n bond have a coupon rate of 7.5% and pay interest annually. The par value of each bond in $1,000 and the current market price

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Olmsted'n bond have a coupon rate of 7.5% and pay interest annually. The par value of each bond in $1,000 and the current market price is $1,108,16.14 these bonds mature in 14 years, what is Olmsted's before-tax cost of debt? 8,04% 7.82% 8.12% 6.3196 8.00%

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