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You intend to buy an irredeemable bond which has a price of $95 and a coupon rate of 6.5% when the face value of the

You intend to buy an irredeemable bond which has a price of $95 and a coupon rate of 6.5% when the face value of the bond is $100. What is the companys cost of debt?

Question 4Select one:

a.

6.50%

b.

9.25%

c.

5.00%

d.

6.84%

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