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The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.10 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is

The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.10 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 98 percent of its face value. What is the company's pre-tax cost of debt? 2.5 percent 10.0 percent 4.6 percent 4.1 percent 8.2 percent

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