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QUESTION 9 TC Inc is selling 600,000 bonds to raise money for the company. The bonds will pay a coupon rate of 12% on semiannual

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QUESTION 9 TC Inc is selling 600,000 bonds to raise money for the company. The bonds will pay a coupon rate of 12% on semiannual payments. The bonds will mature in 30 ye ars. What is the cost of debt if the company is able to raise $66,000,000? O A. 10.87% OB. 11.25% O C. 9.45% OD.7.65% o E. 11.78%

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