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Suppose we have a corporate bond issue currently outstanding that has 25 years left to maturity. The coupon rate is 9%, and coupons are paid

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Suppose we have a corporate bond issue currently outstanding that has 25 years left to maturity. The coupon rate is 9%, and coupons are paid semiannually. The bond is currently selling for $908.72 per $1,000 bond. The firm cost of debt is 19%? A. True B. False 20

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