Business, 07.12.2019 02:31 destinypierre

Bronson manufacturing is planning to issue $12 million in bonds. based on a poll of potential investors, they have the highest chance of raising the funds they need with one of four sets of bond characteristics. which option would cost them the most in total interest over the life of the bond?

a. three-year bond with 9.5% annual interest rate
b. four-year bond with 7.25% annual interest rate
c. eight-year bond with 5.5% annual interest rate
d. six-year bond with 6.0% annual interest rate

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