Question: 21 . WC Inc . has a $10 million ( face value ) , 10 - year bond issue selling for 99 percent of par

21 . WC Inc . has a $10 million ( face

21 . WC Inc . has a $10 million ( face value ) , 10 - year bond issue selling for 99 percent of par hat pays an annual coupon of 9 percent . What would be WC's before - tax component cost of it cost deb A . 900% B. 9.10 % C. 9 . 16 % 1 18 2706

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