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please provide step by step solution The outstanding debt of Berstin Corp. has ten years to maturity, a current yield of 7%, and a price
please provide step by step solution The outstanding debt of Berstin Corp. has ten years to maturity, a current yield of 7%, and a price of $95. What is the pretax cost of debt if the tax rate is 40% Note: The current yield of a bond is its annual coupon divided by its price O A. 4.42% OB. 5.9% O C. 7% OD. 7.37%
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