you are trying to find the before tax cost of debt for Duke Inc. The firm has a 8%, semi annual coupon bond with 10 years left to maturity selling at 97% of its face value. The before tax cost of debt is closest to:

You are trying to find the before-tax cost of debt for Duke Inc. The firm has a 8 percent, semi-annual coupon bond with 10 years left to maturity selling at 97% of its face value. The before-tax cost of debt is closest to: 8.26% 4.13% 8.46% 4.23%