The cost of debt: packman corporation has semiannual bonds outstanding with nine years to maturity and are currently priced at $754.08. if the bonds have a coupon rate of 7.25 percent, then what is the after-tax cost of debt for packman if its marginal tax rate is 30 percent? complete the calculation as is done on wall street.

7.050%

8.225%

12.095%

11.750%

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?