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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

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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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