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Bank of New York Mellon ( Company ) issued a 3 0 - year bond of $ 7 , 2 0 0 . 0 0
Bank of New York Mellon Company issued a year bond of $ million to finance a project.
Company paid bond holders a total of $ million every six months. At the end of th year, company
decided to redeem the bond for $ million. What is the financial cost of the capital for the
project?
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