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Too Young, Incorporated, has a bond outstanding with a coupon rate of 7.3 percent and semiannual payments. The bond currently sells for $1,870 and matures in 20 years. The par value is $2,000. What is the company's pretax cost of debt?
A. 8.07% B. 8.57% C. 8.30% D. 7.95% E. 3.92%
Sagot :
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