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ZX Corporation has recently issued a 5-year, 9 percent semi-annual coupon bond for $920. The bond has a maturity value of $1,000. If the marginal

ZX Corporation has recently issued a 5-year, 9 percent semi-annual coupon bond for $920. The bond has a maturity value of $1,000. If the marginal tax rate is 35 percent, the cost of debt (%) is closest to:

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