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The outstanding debt of Berstin Corp. has eight years to maturity, a current yield of 9%, and a price of $85. What is the pretax

The outstanding debt of Berstin Corp. has eight years to maturity, a current yield of 9%, and a price of $85. What is the pretax cost of debt if the tax rate is 30%.

a 10.3%

b 7.2%

c 6.2%

d more information needed

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