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3. Buckeye Partners has a bond issue currently outstanding that has 15 years left to maturity. The coupon rate is 8%, and coupons are paid

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3. Buckeye Partners has a bond issue currently outstanding that has 15 years left to maturity. The coupon rate is 8%, and coupons are paid semiannually. The bond is currently selling for $1,100.21 per $1,000 bond. What is the cost of debt

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