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29. (Cost of debt) Carraway Seed Company is issuing a $1,000 par value bond that pays 12 percent annual interest and matures in 13 years.

29. (Cost of debt) Carraway Seed Company is issuing a $1,000 par value bond that pays 12 percent annual interest and matures in 13 years. Investors are willing to pay $965 for the bond. Flotation cost...

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