Question: We are considering constructing a new $130 million 320-suite tower on our Venetian property. We have a variety of financing options at our disposal. Please

We are considering constructing a new $130 million 320-suite tower on our Venetian property. We have a variety of financing options at our disposal. Please compute the current cost of using the financing option below: We have $940 million in bonds issued in 2006 and maturing in 2015. These bonds pay a 6.375% coupon paid semiannually. They currently trade for $104.50 per $100 face value.

Years of maturity is listed - bond issued in 2006 and matured in 2015.

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