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A company has earnings before interest and taxes of $2150215. They have annual interest charges on the long-term debt of $413333. Based on their Interest

A company has earnings before interest and taxes of $2150215. They have annual interest charges on the long-term debt of $413333. Based on their Interest coverage ratio, what will be the pretax cost of new long-term debt for them? Government bonds are currently yielding 2.1%. (One decimal place.} If interest coverage ratio is > Sto Rating is Spread is 3 4.249999 A3/A- 1.33% 4.25 5.499999 A2/A 1.18% 5.5 6.499999 A1/A+ 1.07% 6.5 8.499999 Aa2/AA 0.85% 8.50 100000 Aaa/AAA 0.69%

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