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At the time of writing, Encana Corp. had a bond outstanding with approximately 16.5years to maturity (33 semiannual coupons) and a coupon rate of 7.20%

At the time of writing, Encana Corp. had a bond outstanding with approximately 16.5years to maturity (33 semiannual coupons) and a coupon rate of 7.20% The bond was currently selling for $119.36. What is Encana's cost of Debt?

please show solution step-by-step Dont skip any calculations, please!!!!

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