C$)9\mathrm{.}64\%$

Question $2$

$2\mathrm{.}5$ pts

$2.$ Suppose we have a bond issue currently outstanding that has $25$ years left to maturity. The coupon rate is $9\%$ and coupons are paid semiannually. The bond is currently selling for $$908\mathrm{.}72$ per $$1000$ bond. What is the cost of debt based on the bond information here?

A$)10\%$

B$)5\%$

C$)8\%$

Question $3$

$2\mathrm{.}5$ pts