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Years ago, Bustle Company sold a $1,000 par value bond that now has 20 years to maturity and an 8.00% annual coupon that is paid

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Years ago, Bustle Company sold a $1,000 par value bond that now has 20 years to maturity and an 8.00% annual coupon that is paid quarterly. The bond currently sells for $965, and the company's tax rate is 40%. What is the component cost of debt for use in the WACC calculation? MUST SHOW WORK 5.04% 5.02% 4.77% 5.59% 6.29%

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