Question: #34 please help me solve this problem! 34 Lakeside Rentals has thirty-year bonds outstanding that pay an annual coupon of 5 percent. The bonds mature

#34 please help me solve this problem!

34 Lakeside Rentals has thirty-year bonds outstanding that pay an annual coupon of 5 percent. The bonds mature in seven years and are currently priced at 96 percent of face of value. What is the firm's pre-tax cost of debt? Select one: O a. 5.27 percent O b. 5.59 percent c. 5.68 percent O d. 5.71 percent O e. 5.63 percent

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