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Spartans has 6.5 percent bonds outstanding that mature in 15 years. The bonds pay interest annually and have a face value of $1,000. Currently, the
Spartans has 6.5 percent bonds outstanding that mature in 15 years. The bonds pay interest annually and have a face value of $1,000. Currently, the bonds are selling for $1025 each. What is the firm's pretax cost of debt
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
