Question: Please help with this problem - using Excel. Cost of debt Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of

Please help with this problem - using Excel.

Please help with this problem - using Excel. Cost of debt Dunder-Mifflin,

Cost of debt Dunder-Mifflin, Inc. (DMI) is selling 600,000 bonds to raise money for the publication of new magazines in the coming year. The bond will pay a coupon rate of 15.1% with semiannual payments and will mature in 30 years. Its par value is $100. What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing costs)? a. $58,956,000 b. $55,356,000 c. $64,908,000 d. $72,996,000

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