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Remaining Time: minutes, T seconds. Question Completion Status: Spartans has 6.5 percent bonds outstanding that mature in 18 years. The bonds pay interest semiannually and
Remaining Time: minutes, T seconds. Question Completion Status: Spartans has 6.5 percent bonds outstanding that mature in 18 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $985 each. What is the firm's pretax cost of debt? A. 6.77 percent B. 6.64 percent C. 6.94 percent D. 7.11 percent E. 6.20 percent
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