Before tax cost of debt and after tax cost of debt; Personalfinance problem. David Abbot is interested in purchasing a bondissued by Sony. He has obtained the following information on thesecurity: Par value $1000 coupon interest rate 8.0% corporate taxrate 25% cost $930 years to maturity 10 years. a. Calculate thebefore tax cost of the sony bond using the bonds yield to maturity(YTM) b. Calculate the after tax cost of the sony bond given thecorporate rate tax