The finance director of Otterplc wishes to establish its cost of capital for investment appraisal purposes.The information below has been provided: The following extract is from the statement of financial position(balance sheet)of Otterplc as at 31stDecember 2020:Non-current Liabilities:5% Irredeemable bonds£3,600,000Long term variable rate loan£2,400,000Equity:Ordinary shares (nominal value 50p)£5,000,000The current ex-interest market price of a bond […]