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JBHiFi has a beta of 1.2 and a quoted credit default spread (CDS) of 2.6%. If the risk-free rate is 1.4%, and the equity risk

JBHiFi has a beta of 1.2 and a quoted credit default spread (CDS) of 2.6%. If the risk-free rate is 1.4%, and the equity risk premium is 5.1%, what is the cost of debt (in percentage) of JBHiFi

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