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4) The approximate before-tax cost of debt for a 10-year, 8 percent, $1,000 par value, 3% flotation costs bond selling at $1,150 is A) 5.97

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4) The approximate before-tax cost of debt for a 10-year, 8 percent, $1,000 par value, 3% flotation costs bond selling at $1,150 is A) 5.97 percent B) 6,34 percent C) 7.82 percent D) 8.81 percent toy rate of 40 nercent.is

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