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ABC Ltd issued a 3 0 - year 7 % bond 8 years ago. The bond is currently selling for 9 6 % of its

ABC Ltd issued a 30-year 7% bond 8 years ago. The bond is currently selling for 96% of its face value (i.e.96/=, If we assume a face value of 100/=). What is ABC's cost of debt capital?

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