A Bond Has A 1000 Par Value Face Value And A Contract Or Coupon Rate Of 11 The B

A bond has a $1000 par value (face value) and a contract or coupon rate of 11.2%. The Bonds have a current market value of $1128 and will mature in 10 years. The firms marginal tax rate is 34%.The cost of capital from this bond debt is___%

Posted in Uncategorized