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13.17 You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.8 percent coupon bonds are selling at

13.17

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You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.8 percent coupon bonds are selling at a price of $751.09. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm, answer the following questions

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