A bond that has 1000 par value face value0 and a contract

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A bond that has $1,000 par value (face value0 and a contract or coupon interest rate of 10.2% percent. The bonds have a current market value of $1,129 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: EM13582143

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