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Barkie's Pharmacutical Co. has an outstanding bond that sells in the market for $890. The bonds mature in 11 years, pay interest semiannually, and carry

Barkie's Pharmacutical Co. has an outstanding bond that sells in the market for $890. The bonds mature in 11 years, pay interest semiannually, and carry a 7% coupon rate on $1,000 par value. What is Barkies' cost of debt? 10.43% 10.51% 5.22% 5.25% 21.02%

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