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The capital structure of a publicly traded company contains a single debt issue with the following characteristics: Fixed coupon-paying bond issue (semiannual pay) Par value:

The capital structure of a publicly traded company contains a single debt issue with the following characteristics: Fixed coupon-paying bond issue (semiannual pay) Par value: $80 million Coupon rate: 6% Remaining maturity: 10 years Current price: 110% of par value What is the company's cost of debt

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