Question: could you please do the math step by step without Excel and showing the steps. instant like if so. thank you:) 1. Shanken Corp. issued

could you please do the math step by step without Excel

could you please do the math step by step without Excel and showing the steps. instant like if so. thank you:)

1. Shanken Corp. issued a 30 -year, 6.2 percent semiannual bond 7 years ago. The bond currently sells for 108 percent of its face value. The company's tax rate is 35 percent. (Assume that the face value of one coupon bond is $1,000.) a. What is the pretax cost of debt? b. What is the aftertax cost of debt? c. Which is more relevant, the pretax or the aftertax cost of debt? Why

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