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The outstanding debt of Berstin Corp. has five years to maturity, a current yield of 9%, and a price of $80. What is the pretax

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The outstanding debt of Berstin Corp. has five years to maturity, a current yield of 9%, and a price of $80. What is the pretax cost of debt if the tax rate is 35% Note: The current yield of a bond is its annual coupon divided by its prion O A. 9% OB. 10.29% OC. 7.72% OD. 12 87%

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