Question: please help Sheridan Ltd. has issued bonds that never require the principal amount to be repald to investors. Correspondingly, Sheridan must. make interest payments into

please help

Sheridan Ltd. has issued bonds that never require the principal amount to be repald to investors. Correspondingly, Sheridan must. make interest payments into the infinite future. If the bondholders receive annual payments of $91 and the current price of the bonds is $700 Problem 13,16(a1) What is the pre-tax cost of this debt? (Round answer to 2 decimal places, e.s. 15.25\%.) Pre-taxcost of debt %

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