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Too Young, Inc., has a bond outstanding with a coupon rate of 7.2 percent and semiannual payments. The bond currently sells for $1,884 and matures
Too Young, Inc., has a bond outstanding with a coupon rate of 7.2 percent and semiannual payments. The bond currently sells for $1,884 and matures in 18 years. The par value is $2,000. What is the company's pretax cost of debt?
8.40%
8.13%
7.81%
7.90%
3.84%
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