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Marvins Interiors issued 9-year bonds 2 years ago. The bonds have a face value of $2,900, a 6.0 percent, semiannual coupon, and a current market
Marvins Interiors issued 9-year bonds 2 years ago. The bonds have a face value of $2,900, a 6.0 percent, semiannual coupon, and a current market price of $1,939. What is the pre-tax cost of debt? Multiple Choice 14.20 percent 15.15 percent 13.45 percent.
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