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A bond that has 1000 par value and a contract or coupon

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A bond that has $1,000 par value (face value0) and a contract or coupon interest rate of 12.6% percent. The bonds have a current market value of $1,124 and will mature in 10 years. The firms marginal tax rate is 34%. The cost of capital from this bond debt is what percentage?

Reference no: EM13582153

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