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Part 1 . Calculate the cost of debt for Young, Incorporated. The company has a bond outstanding with a coupon rate of 7 . 1

Part

1 .

Calculate the cost of debt for Young, Incorporated. The company has a bond outstanding with a coupon rate of

7.1

percent paid semiannually. The bond currently sells for $

1, 891

and matures in

17

years. The face value is $

2, 000 .

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