Cost of debt with fees dunder-mifflin inc dmi is selling


Cost of debt with fees. ? Dunder-Mifflin, Inc.? (DMI) is selling? 600,000 bonds to raise money for the publication of new magazines in the coming year. The bonds will pay a coupon rate of 11.7?% with semiannual payments and will mature in 30 years. Its par value is ?$100. DMI hires an investment banker for the sale of the? 600,000 bonds. The investment banker charges a fee of 33?% on each bond sold. What is the cost of debt to DMI if the following are the proceeds before the? banker's fees are? deducted? a.?$45,084,000 b.?$51,612,000 c.?$74,286,000 d.?$80,454,000 a. What is the cost of debt to DMI if the bond proceeds are ?$45,084,000 before the? banker's fees are? deducted? b.What is the cost of debt to DMI if the bond proceeds are ?$51,612,000 before the? banker's fees are? deducted? c.What is the cost of debt to DMI if the bond proceeds are ?$74,286,000 before the? banker's fees are? deducted? d.What is the cost of debt to DMI if the bond proceeds are ?$80,454,000 before the? banker's fees are? deducted?

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Financial Management: Cost of debt with fees dunder-mifflin inc dmi is selling
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