Bloomy Chocolate Corp issued bonds with a par value of $1000, which have 15 years left until maturity, pay a coupon of 8

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answerhappygod
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Bloomy Chocolate Corp issued bonds with a par value of $1000, which have 15 years left until maturity, pay a coupon of 8

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Bloomy Chocolate Corp issued bonds with a par value of $1000,
which have 15 years left until maturity, pay a coupon of 8%
annually, and currently trade for $915. What is Bloomy’s current
cost of debt? A. 8.00% B. None of these. C. 7.72% D. 3.60% E.
9.06%
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