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Question 4 (1 point) 4 Listen GM currently has one debt issue that matures in 30 years, pays a semiannual coupon of 5%, costs $960,

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Question 4 (1 point) 4 Listen GM currently has one debt issue that matures in 30 years, pays a semiannual coupon of 5%, costs $960, and has a $1000 par. Calculate the cost of debt assuming flotation costs of 2%. Please report your answer in percent terms rounded to two decimal places. Your Answer: Answer units Previous Page Next Page Page 4 of 4

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