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You are analyzing the cost of debt for a firmYou know that the firm's 14-year maturity7.8 percent coupon bonds are selling at a price of

You are analyzing the cost of debt for a firmYou know that the firm's 14-year maturity7.8 percent coupon bonds are selling at a price of $1,052.38The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm, answer the following questions

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