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Questions: Fast Services Inc. has bonds with a par value of $ 1 , 0 0 0 and a coupon rate of 4 . 8

Questions:

Fast Services Inc. has bonds with a par value of $

1, 000

and a coupon rate of

4.8 %

with semiannual payments. The current market price of the bonds is $

998,

and there are eight years to maturity. What is this company's cost of debt?

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