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Melisa Company sold a $1,000 par value, non-callable bond that now has 10 years to maturity ard a 13.00%6 anrual coupon that is paid senianmually.

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Melisa Company sold a $1,000 par value, non-callable bond that now has 10 years to maturity ard a 13.00%6 anrual coupon that is paid senianmually. The bond arrentysells for $985, and the compary's tax rate is 4098 . What is the component cost of debt for use in the WACC calculation? 5.16%11.76%10.24%13.27%7.96%

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