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15. Several years ago the a firm sold a $1,000 par value, callable bond that now has 20 years to maturity. 3 years call protection

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15. Several years ago the a firm sold a $1,000 par value, callable bond that now has 20 years to maturity. 3 years call protection period remaining with a call price of $1,070 and a 6.00% annual coupon rate that is paid semiannually. The bond currently sells for $796, and the company's tax rate is 30%. What is the component cost of debt for use in the WACC calculation? (2 points)

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