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The price of the coupon paying bond is $ 1 1 1 1 . The firm has estimated that its cost of debt is 6

The price of the coupon paying bond is $

1111 .

The firm has estimated that its cost of debt is

6.5 % .

The bond has a maturity of

10

years and paid semi

-

annually. What is the annual coupon rate of this FCB

?

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