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The bonds of topstone industries are currently selling for 103.3 percent of their face value. these bonds mature in 14 years and pay an annual coupon of 7 percent of face value. what is topstone's pre-tax cost of debt? a) 6.63 percentb) 7.35 percentc) 7.84 percentd) 8.60 percente) 9.45 percent
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The bonds of topstone industries are currently selling for 103.3 percent of their face value. these...
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