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Dunder-Mifflin, Inc.? (DMI) is selling? 600,000 bonds to raisemoney for the publication of new magazines in the coming year. Thebonds will pay a coupon rate of 11.5?% with semiannual payments andwill mature in 30 years. Its par value is ?$100. DMI hires aninvestment banker for the sale of the? 600,000 bonds. Theinvestment banker charges a fee of 3?% on each bond sold. What isthe cost of debt to DMI if the following are the proceeds beforethe? banker's fees are? deducted?a.?$43,830,000 b.?$52,188,000 c.?$67,596,000 d. $77,196,000a. What is the cost of debt to DMI if the bond proceeds are?$43,830,000 before the? banker's fees are? deducted?What is the cost of debt to DMI if the bond proceeds are?$52,188,0000 before the? banker's fees are? deducted?What is the cost of debt to DMI if the bond proceeds are$67,596,000 before the? banker's fees are? deducted?What is the cost of debt to DMI if the bond proceeds are$77,196,000 before the? banker's fees are? deducted?