Question: Problem 4 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.5%, with coupons paid

Problem 4 Intro BP has a bond outstanding with 15 years

Problem 4 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.5%, with coupons paid semiannually, and a price of 91.09 (percent of par). - Attempt 1/10 for 10 pts. Part 1 What is the cost of debt? 3+ decimals Submit

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