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Exxon has a bond outstanding with a coupon rate of 6 percent and semiannual payments. The bond currently sells for $946 and matures in 22

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Exxon has a bond outstanding with a coupon rate of 6 percent and semiannual payments. The bond currently sells for $946 and matures in 22 years. The par value is $1000 and the company's tax rate is 39 percent. What is the company's pretax cost of debt? 3.59%6.37%5.94%3.88%4.11%

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