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Consider a company whose bonds offer a coupon rate of 8% with semiannual payments. The bonds have exactly 3 years remaining until maturity, and each

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Consider a company whose bonds offer a coupon rate of 8% with semiannual payments. The bonds have exactly 3 years remaining until maturity, and each $1,000 par bond is currently priced at $960. The company's cost of debt is closest to: 4789 5.48% 8.00% 9.57%

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