9-9(Cost of dept) Sincere StationeryCorporation needs to raise $500000 to improv

9-9(Cost of dept) Sincere StationeryCorporation needs to raise $500000 to improve its manufacturingplant. It has decided to issue a $1000 par value bond with a 14percent annual coupon rate and a 10 year maturity. The investorsrequire a 9 percent rate of return.