Question: please answer it right Problem 4 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of

please answer it right

Problem 4 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.1%, with coupons paid semiannually, and a price of 90.86 (percent of par). Part 1 BAttempt 2/10 for 9 pts. What is the cost of debt? 3+ decims Submit Previous answers: 6.302%

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