The firm can sell a 15-year, $1,000 par value, 8 percent bond for $1,030. Firm's before-tax cost of debt is?

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answerhappygod
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The firm can sell a 15-year, $1,000 par value, 8 percent bond for $1,030. Firm's before-tax cost of debt is?

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The firm can sell a 15-year, $1,000 par value, 8 percent bond
for $1,030.

Firm's before-tax cost of debt is?
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