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Northern Trust issued a 5-year Eurobond that has a 6.50% cost of debt. What is the cost of debt on a bond- equivalent basis? 6.50%

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Northern Trust issued a 5-year Eurobond that has a 6.50% cost of debt. What is the cost of debt on a bond- equivalent basis? 6.50% 6.40% O 7.12% O 7.01%

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