Miller inc is selling 600000 bonds to raise money for new

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Miller Inc is selling 600,000 bonds to raise money for new magazines to be published in the coming year. The bonds will pay a coupon rate of 12.7% on semiannual payments. The par value of the bond is $100, and the bond will mature in 30 years.

What is the cost of debt to Miller Inc. if the bonds rasie the following amounts? (ignoring issuing costs)

Reference no: EM13618556

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