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Suppose SeatFreak, a ticket platform, has bond currently outstanding with 7 years left to maturity. The coupon rate is 8% paid annually. The bond is

Suppose SeatFreak, a ticket platform, has bond currently outstanding with 7 years left to maturity. The coupon rate is 8% paid annually. The bond is currently selling for $850 per $1000 bond. What is the cost of debt? (SHOW ALL WORK WITH EXCEL. Include Excel Formula(s))

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