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Business, 04.12.2019 01:31 Atromity

Maple industries has 7 percent bonds outstanding that mature in thirteen years. the bonds pay interest semiannually and have a face value of $1,000. currently, the bonds are selling for $1,021.16. what is the firm's pre-tax cost of debt? a. 6.75%
b. 6.84%
c. 6.91%
d. 7.03%
e. 7.14%

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