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Firm Fantastic's bond is quoted in the market at 95, with semi-annual payment of coupons. The annual coupon rate is 10%, term to maturity of

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Firm Fantastic's bond is quoted in the market at 95, with semi-annual payment of coupons. The annual coupon rate is 10%, term to maturity of 5 years. The firm only has this one bond issue outstanding. What is the Firm Fantastic's cost of debt? 8.55% 10% 15% 11.34%

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