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Steel Dynamics Inc. (STLD) has a 10-year bond with 6% coupon rate paid semiannually. The bond is currently selling at 123% of par value. What

Steel Dynamics Inc. (STLD) has a 10-year bond with 6% coupon rate paid semiannually. The bond is currently selling at 123% of par value. What is the before-tax cost of debt of the company? Before-tax cost of debt = ___________%

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