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A firm's bonds have a face value of $1000 and are currently priced at $1000. The coupon rate is 7%. What is the cost of

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A firm's bonds have a face value of $1000 and are currently priced at $1000. The coupon rate is 7%. What is the cost of debt capital for these bonds? (Hint: As a matter of logic, there is only one possible answer.) Select one: a. 7% r b. 8% c: c. 5% r d. 6% r

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