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5p Question 3 Several years ago the Pettijohn Company sold a $1.000 par value, noncallable bond that now has 15 years to maturity and a

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5p Question 3 Several years ago the Pettijohn Company sold a $1.000 par value, noncallable bond that now has 15 years to maturity and a 8.00% annual coupon that is paid semiannually. The bond currently sells for $925. and the company's tax rate is 34%. To issue new bonds Pettijohn would incur 3% flotation costs. What is the component cost of debt for use in the WACC calculaton? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 1235 in the answer box Question 4 hp

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