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To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity This bond

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To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years ago that now has 20 years to maturity This bond has a 9 25% annual coupon, paid semiannually, sells at a price of $1, 075, and has a par value of $1,000 If the firm's tax rate is 40%, what Is the component cost of debt for use in the WACC calculation? 5.08% 5.33% 4.58% 4.83% 4.35%

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