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(Cost of debt?) Carraway Seed Company is issuing a ?$1,000 par value bond that pays 8 percent annual interest and matures in 12 years. Investors

(Cost of debt?) Carraway Seed Company is issuing a ?$1,000 par value bond that pays 8 percent annual interest and matures in 12 years. Investors are willing to pay ?$960 for the bond. Flotation 2 answers

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