Use their bond which matures

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Reference no: EM131328945

To calculate the cost of debt for DRI, use their bond which matures in 5 years (pays semi-annually), has a coupon of 4.75% and a price (per $100 face value) of $108.4.

You can also assume that TUP pays a 35% tax rate.

Please show all work.

Reference no: EM131328945

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