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Company ABC is calculating cost of debt from its corporate bond. The bond has 10 years to maturity left. Coupon rate is 6%. Coupon payments

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Company ABC is calculating cost of debt from its corporate bond. The bond has 10 years to maturity left. Coupon rate is 6%. Coupon payments are paid twice per year. Current bond price quote is 109% of face value. Corporate tax rate is 35%. What is the company's PRETAX cost of debt in terms of percent? (Format your answer into percent and round to two decimals, for example: 12.30)

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