Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value of $1000. The bond makes semi-annual payments (coupons are paid on January 15 and July 15 each year.) What is the cost of debt for Avon if we assume that Avon had only issued this bond (in other words, assume that there no other bonds traded). Bond Results Ratings Last Sale Moody's S&P Price Yield Issuer Name Symbol Coupon Maturity Callable Sub-Product Type Yes Corporate Bond AVON PRODS INC AVP3979751 6.600 03/15/2020 B3 B 101.750 4.686 AVON PRODS INC AVP3979750 Yes Corporate Bond 7.000 03/15/2023 B3 B 97.750 7.670 AVON PRODS INC AVP3979749 Yes Corporate Bond 8.950 03/15/2043 B3 B 96.550 9.311 AVON PRODS INC AVP.GE Corporate Bond 07/12/2020 AVON PRODS INC AVP.GF Corporate Bond 07/12/2020 52.625 3.850 Answer: Answer the following question using the info on the first bond (Symbol AVP.GH). Avon issued this bond on June 16, 2003 with a par value of $1000. The bond makes semi-annual payments (coupons are paid on January 15 and July 15 each year.) What is the cost of debt for Avon if we assume that Avon had only issued this bond (in other words, assume that there no other bonds traded). Bond Results Ratings Last Sale Moody's S&P Price Yield Issuer Name Symbol Coupon Maturity Callable Sub-Product Type Yes Corporate Bond AVON PRODS INC AVP3979751 6.600 03/15/2020 B3 B 101.750 4.686 AVON PRODS INC AVP3979750 Yes Corporate Bond 7.000 03/15/2023 B3 B 97.750 7.670 AVON PRODS INC AVP3979749 Yes Corporate Bond 8.950 03/15/2043 B3 B 96.550 9.311 AVON PRODS INC AVP.GE Corporate Bond 07/12/2020 AVON PRODS INC AVP.GF Corporate Bond 07/12/2020 52.625 3.850