Question: show the work in approximating equation please ! The before-tax cost of debt for a 10-year, 8 percent, $1,000 par value bond selling at $1.150

show the work in approximating equation please !

The before-tax cost of debt for a 10-year, 8 percent, $1,000 par value bond selling at $1.150 is o a. 5.97 percent O b. 8.33 percent O c. 8.82 percent O d. 9 percent

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