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What is the cost of debt of a bond given the following information: $100,000 worth of debt, flotation costs of 1% of par value, 20
What is the cost of debt of a bond given the following information: $100,000 worth of debt, flotation costs of 1% of par value, 20 years to maturity with a coupon interest rate of 10% (paid annually), trading at par?
(Don't round intermediate calculations and give at least 4 significant digits in your answer)
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