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Use information below to determine before tax cost of debt financing of Bond S. Bond S 1,050 selling price, 29 years to maturity, 6.55% annual

Use information below to determine before tax cost of debt financing of Bond S.

Bond S 1,050 selling price, 29 years to maturity, 6.55% annual coupon rate, paid annually, $1,000 Par Value, $2.39 Floatation costs, Before-Tax Cost of Debt Financing %?

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