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Several years ago the Haverford Company sold a $1,000 par value bond that now has 33 years to maturity and an 11.2% annual coupon that
Several years ago the Haverford Company sold a $1,000 par value bond that now has 33 years to maturity and an 11.2% annual coupon that is paid quarterly. The bond currently sells for $1286.58, and the company's tax rate is 29%. What is the component cost of debt for use in the WACC calculation? 7.29% 6.89% 6.49% 06.09% 7.69%
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