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Peter Parker Corp. plans to issue a $1,000 par value, semi-annual pay bond with 20 years to maturity and a coupon rate of 5.50%. The

Peter Parker Corp. plans to issue a $1,000 par value, semi-annual pay bond with 20 years to maturity and a coupon rate of 5.50%. The company expects the bonds to sell for $1110.00. MC Incs cost of debt is estimated to be _______%. a. 2.32 b. 4.65 c. 4.65 d. 4.83 e. 5.12

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