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Apple currently has bonds that will mature in 5 years that pay 5% semi-annual coupons. The par value of these bonds is $1,000 and are
Apple currently has bonds that will mature in 5 years that pay 5% semi-annual coupons. The par value of these bonds is $1,000 and are trading at a price of $750. Based on these bonds what is Apples cost of debt?
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