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A $1,000 par value bond with a 5.8% coupon and semi-annual interest payments has 25 years to maturity. If the bonds are currently trading for

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A $1,000 par value bond with a 5.8% coupon and semi-annual interest payments has 25 years to maturity. If the bonds are currently trading for $1,122.75, what is the cost of debt for the firm? 06.02% 04.93% 4.50% 4.94% 05.12%

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