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Pine Inc. issued 20-year, 5 percent semiannual coupon bonds with par value of $1,000. The bond price is quoted at 110% of the par. What
Pine Inc. issued 20-year, 5 percent semiannual coupon bonds with par value of $1,000. The bond price is quoted at 110% of the par. What is its pre-tax cost of debt? O 3.46 percent 1.66 percent 4.25 percent 2.13 percent
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