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27. Peter Parker Corp. plans to issue a $1,000 par value, semi-annual pay bond with 30 years to maturity and a coupon rate of 5.50%.

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27. Peter Parker Corp. plans to issue a $1,000 par value, semi-annual pay bond with 30 years to maturity and a coupon rate of 5.50%. The company expects the bonds to sell for $820.00. MC Inc's cost of debt is estimated to be

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