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Deandra and Anma Stacta are consirening a 20 -year bond with 16 years outstanding with a face of $1.000 The coupon rate is 40% and

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Deandra and Anma Stacta are consirening a 20 -year bond with 16 years outstanding with a face of $1.000 The coupon rate is 40% and the phce of the bond is $1255 What would be a good estimale of the cost of debt on the bond under consideration? (4 marks)

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