Which one of the following is the pretax cost of debt?

Question

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The pretax cost of debt is the weighted average yield to maturity on the firm's outstanding debt, as this reflects the overall return required by bondholders and represents the firm's cost of borrowing before considering any tax advantages. The average coupon rate in choice A, coupon rate on the latest bond issue in choice B, and average current yield in choice D are all relevant measures of the cost of debt but do not account for the time value of money or differences in bond prices. The annual interest divided by the market price per bond in choice E reflects the current yield for a specific bond issue but does not capture the overall cost of debt for the firm.

Which One of the Following Is the Pretax Cost of Debt