[Solved] Suppose we have a bond issue currently ou

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Suppose we have a bond issue currently outstanding that has 25 years left to maturity. The coupon rate is 8% and coupons are paid semiannually.

Suppose we have a bond issue currently outstanding that has 25 years left to maturity. The coupon rate is 8% and coupons are paid semiannually. The bond is currently selling for $901.19 per $1,000 bond. What is the cost of debt

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