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Lugget Corp. has one bond issue outstanding with an annual coupon of 4%, a face value of $1,000 and a price of $922.78, which matures

Lugget Corp. has one bond issue outstanding with an annual coupon of 4%, a face value of $1,000 and a price of $922.78, which matures in 10 years. The company's tax rate is 26%. Part 1 What is Lugget's pre-tax cost of debt? 4+ decimals Save Attempt 1/1

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