Question: PLEASE HELP! ROUDING TO THE NEAREST TEN THOUSANDTH!! :) Hydro Systems has 15 -year bonds outstanding with a coupon rate of 6%. Interest is paid

PLEASE HELP! ROUDING TO THE NEAREST TEN THOUSANDTH!! :)
PLEASE HELP! ROUDING TO THE NEAREST TEN THOUSANDTH!! :) Hydro Systems has

Hydro Systems has 15 -year bonds outstanding with a coupon rate of 6%. Interest is paid annually. The face amount of each bond is $1,000. What is cost of debt if bonds sell for $1,080 (in decimal form, rounding to the nearest ten thousandth)

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