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Ernesto, Inc., has the following three bond issues outstanding: Book Yield to Value Maturity $380m 7.91% $120m 6.48% $225m 7.63% What is Ernesto's pre-tax

Ernesto, Inc., has the following three bond issues outstanding: Book Yield to Value Maturity $380m 7.91% $120m 6.48% $225m 7.63% What is Ernesto's pre-tax weighted average cost of debt?

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