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Farm issued a 30-year, 10 percent semiannual bond 4 years ago. The bond currently sells for 115 percent of its face value. The company's tax

Farm issued a 30-year, 10 percent semiannual bond 4 years ago. The bond currently sells for 115 percent of its face value. The company's tax rate is 34 percent. The company's cost of debt is ?

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