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Too Young, incorporated, has a bond outstanding with a coupon rate of 6.9 percent and semiannual payments. The bond currently selis for $950 and matures

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Too Young, incorporated, has a bond outstanding with a coupon rate of 6.9 percent and semiannual payments. The bond currently selis for $950 and matures in 24 years. The por value is $1,000. What is the company's pretax cost of debt? Multiple Choice 7.96% 7.35% 7.49% 3.64%

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