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Ausel's Furniture Stores has bonds outstanding that mature in 11 years, have a 7% coupon, and pay interest annually. These bonds have a face value

Ausel's Furniture Stores has bonds outstanding that mature in 11 years, have a 7% coupon, and pay interest annually. These bonds have a face value of $1000 and a current market price of $1,002. What is the company's pre-tax cost of debt? Multiple Choice 7505 719 o 6.85% 6.975 728

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