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A company's bonds have an 8% coupon rate (paid annually), a maturity of 10 years, a par value of $1,000 and a price of $1,200.

A company's bonds have an 8% coupon rate (paid annually), a maturity of 10 years, a par value of $1,000 and a price of $1,200. The corporate tax rate is 35%. What is the company's cost of debt? O 3.01% 2.43% O 3.49% O 4.57%

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