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Your firm's most recently issued bonds are currently trading at $920.58. They are semi-annual corporate bonds with a face value of $1,000 and have a

Your firm's most recently issued bonds are currently trading at $920.58. They are semi-annual corporate bonds with a face value of $1,000 and have a 6% coupon rate.

What is your estimate of your firm's (before tax) cost of debt if they still have 9.5 years left until maturity?

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