Bloomy Chocolate Corp issued bonds with a par value of $1000, which have 17 years left until maturity, pay a coupon of 9

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answerhappygod
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Bloomy Chocolate Corp issued bonds with a par value of $1000, which have 17 years left until maturity, pay a coupon of 9

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Bloomy Chocolate Corp issued bonds with a par value of $1000,
which have 17 years left until maturity, pay a coupon of 9%
annually, and currently trade for $878. What is Bloomy’s current
cost of debt? A. None of these. B. 10.58% C. 7.01% D. 8.71% E.
9.00%
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