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Oman Cement Company has issued bonds of.9 RO 10 nominal value of an annual interest of 6%. The company has a corporate tax of 15%.

Oman Cement Company has issued bonds of.9 RO 10 nominal value of an annual interest of 6%. The company has a corporate tax of 15%. The current market price of the bond is RO 12. What is * ?the effective cost of bonds 2 (2 ) 6.5% O 2.45% O 4.25% O 5% O

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