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You are asked to find out cost of debt for the following bond: Bond has 22 years left till maturity: Coupo Rate is 8%, paid

You are asked to find out cost of debt for the following bond: Bond has 22 years left till maturity: Coupo Rate is 8%, paid semiannually, Bond par value is $1000, bond market price is $960 To use financial calculaor BA II plus, O PMT=40 () O N=22 FV=960 PV=1000

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