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Data to be used in the calculation of the cost of debt: Par value = $1,000, non-callable Market value = $982.45 Coupon interest = 6%,
Data to be used in the calculation of the cost of debt:
Par value = $1,000, non-callable
Market value = $982.45
Coupon interest = 6%, annual payments
Remaining maturity = 20 years
New bonds can be privately placed without any flotation costs
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