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Betty's Bird shop has one issue of bonds outstanding. The bonds pay a 8 . 5 0 percent semiannual coupon, mature in 4 years, and

Betty's Bird shop has one issue of bonds outstanding. The bonds pay a 8.50 percent semiannual coupon, mature in 4 years, and currently sell at 101.00 percent of par. The required return on equity is 7.16%. Calculate the company's required return on debt

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