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Suppose your firm just issued a 20-year, $1000 par value bond with semiannual coupons. The coupon interest rate is 6%. The bonds sold for par

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Suppose your firm just issued a 20-year, $1000 par value bond with semiannual coupons. The coupon interest rate is 6%. The bonds sold for par value, but flotation costs amounted to 4% of the price. You have a 21% corporate tax rate. What is your firm's cost of debt? o 5,02% 4.74% 6.36% 6.00% 9.48%

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