Question: How do I solve this step by step 14. Gekko Industries plans to issue a $1,000 par, semi-annual pay bond with 20 years to maturity

How do I solve this step by step

14. Gekko Industries plans to issue a $1,000 par, semi-annual pay bond with 20 years to maturity and a coupon rate of 8.00%. The company expects the bonds to sell for $920.00. MC Inc's cost of debt is estimated to be 0%. a. 8.205 b. 8.861 C. 8.702 d. 8.949 e. 9.163

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