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Question 6 (1 point) A company is selling bonds with a face value of $1,000 to raise money for a plant expansion. The bonds will
Question 6 (1 point) A company is selling bonds with a face value of $1,000 to raise money for a plant expansion. The bonds will pay a coupon rate of 4% per year on a semiannual basis and mature in 5 years. Net of all fees, the company receives $760 from the sale of each bond. What is the company's semiannual cost of capital? 8% 2.4% 5.17% 4%
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