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Ozzy's Textiles has one issue of bonds outstanding. The bonds pay an 8.30 percent semiannual coupon, mature in 12 years, and currently, sell at 101.00

Ozzy's Textiles has one issue of bonds outstanding. The bonds pay an 8.30 percent semiannual coupon, mature in 12 years, and currently, sell at 101.00 percent of par. Calculate the company's required return on debt.

Rdebt= %

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