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Titans, Inc. has 7 percent bonds outstanding that mature in 12 years. The bonds pay interest semiannually and have a face value of $1,000. Currently,

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Titans, Inc. has 7 percent bonds outstanding that mature in 12 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $999 each. What is the firm's pretax cost of debt? Pretax cost of debt =% Allowed attempts: 3

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