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Too Young, Incorporated, has a bond outstanding with a coupon rate of 6 . 1 percent and semiannual payments. The bond currently sells for $

Too Young, Incorporated, has a bond outstanding with a coupon rate of 6.1 percent and semiannual payments. The bond currently sells for $940 and matures in 18 years. The par value is $1,000. What is the company's pretax cost of debt?
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6.73%
3.27%
6.68%
6.92%
7.15%
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