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Jake's Real Estate has 24,100 bonds outstanding, . The bonds pay a 9.30 percent semiannual coupon, mature in 7 years, and currently sell at 82

Jake's Real Estate has 24,100 bonds outstanding, . The bonds pay a 9.30 percent semiannual coupon, mature in 7 years, and currently sell at 82 percent of par. Calculate the company's required return on debt.

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