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ABC Corp has 10-year bonds outstanding that carry an annual coupon of 8 percent. The bonds mature in 7 years and are currently priced at

ABC Corp has 10-year bonds outstanding that carry an annual coupon of 8 percent. The bonds mature in 7 years and are currently priced at $1084. What is the firm's pre-tax cost of debt? a. 6.47 percent b. 6.82 percent c. 7.34 percent d. 7.70 percent e. 8.23 percent

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