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A firm has an outstanding tond market price is $1200, 20 year to maturlty, face value is $1,000 annual coupon of 104. What is the

A firm has an outstanding tond market price is $1200, 20 year to maturlty, face value is $1,000 annual coupon of 104. What is the cost of debt for this tim? a. 7.97 b. 11.4296 c. 8.979 d. 9.97%

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