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Oak Co. has 8 percent coupon bonds outstanding that mature in 15 years. The bonds pay interest semiannually and have a face value of $1,000.
Oak Co. has 8 percent coupon bonds outstanding that mature in 15 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $1,120 each. What is the company's pre-tax cost of debt? 5.12 percent 4.89 percent 06.72 percent c 3.36 percent
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