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The bond was issued with a 6% annual coupon, has 20 year to maturity and trades at $ 1100 . What is the firms cost

The bond was issued with a 6% annual coupon, has 20 year to maturity and trades at $ 1100 . What is the firms cost of debt ?

a.5.2 %

b. 4.8%

c.6.0%

d.5.6%

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