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When the say a company has a public traded debt with face value of R3.2 million and the coupon rate of the debenture is 11%

When the say a company has a public traded debt with face value of R3.2 million and the coupon rate of the debenture is 11% with the current yield to maturity of 14% . What does this mean? And how do we treat the calculation when calculating WACC?

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