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Problem 17 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.2%, with coupons paid

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Problem 17 Intro BP has a bond outstanding with 15 years to maturity, a $1,000 par value, a coupon rate of 6.2%, with coupons paid semiannually, and a price of 88.41 (percent of par) IB Attempt 1/10 for 10 pts. Part 1 What is the cost of debt? 3+ decimals Submit

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