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8. Nike's bonds currently have 8 years until maturity. They are selling for $1,134.20 and offer a 9% annual coupon. Calculate the cost of debt

8. Nike's bonds currently have 8 years until maturity. They are selling for $1,134.20 and offer a 9% annual coupon. Calculate the cost of debt for Nike. (Note: Rd = YTM)

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