Discussion 1: (Cost of debt) 9.9. SincereStantionery Corporation needs to raise

Discussion 1: (Cost of debt) 9.9. SincereStantionery Corporation needs to raise $500000 to improve itsmanufacturing plant. It has decided to issue a $1000 par valuebond with a 14% annual coupon rate and a 10 yr maturity. Theinvestors require a 9% rate of return.