Question: CO D Question 8 3 pts John Nash Inc. issued a $1,000 par value noncallable bond several years ago, that now has 20 years

CO D Question 8 3 pts John Nash Inc. issued a $1,000 par value noncallable bond several years ago, that now has 20 years to maturity and a 7.00% annual coupon that is paid quarterly. The bond currently sells for $925, and the company's tax rate is 40%. What is the component cost of debt? 9.29% 4.65% 1.16% 8.56% 2.32%

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