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Too Young, Inc., has a bond outstanding with a coupon rate of 6.6 percent and semiannual payments. The bond currently sells for $947 and matures

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Too Young, Inc., has a bond outstanding with a coupon rate of 6.6 percent and semiannual payments. The bond currently sells for $947 and matures in 23 years. The par value is $1,000. What is the company's pretax cost of debt

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