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What is the price of a bond with a coupon rate of 6%, payable semi-annually, a face value of $1000, 5 years to maturity, and

What is the price of a bond with a coupon rate of 6%, payable semi-annually, a face value of $1000, 5 years to maturity, and a yield to maturity of 5.7%?

Consider a firm that has a debt-equity ratio of 1/3. The rate of return for debt is 7% and the rate of return for equity is 14%. The corporate tax rate is 30%. What is the weighted average cost of capital? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES.

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