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Four years ago, the Morgan Co. issued 15-year, 7.0 percent semiannual coupon bonds at par. Today, the bonds are quoted at 101.3. What is this
Four years ago, the Morgan Co. issued 15-year, 7.0 percent semiannual coupon bonds at par. Today, the bonds are quoted at 101.3. What is this firm's pretax cost of debt? O 6.79 percent O 6.83 percent O 7.39 percent O 7.08 percent O 6.97 percent
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