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Geeko industries plans to issue a 1000 par, semi-annual pay bond 20 years to maturity and a coupon rate of 7.00%. The company expects the

Geeko industries plans to issue a 1000 par, semi-annual pay bond 20 years to maturity and a coupon rate of 7.00%. The company expects the bonds to sell for 820.00. MC Inc's cost of debt is estimated to be ______%

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