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Deception Pass Inc. has bonds outstanding that mature in eight years paying 6 percent coupon...

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Finance

Deception Pass Inc. has bonds outstanding that mature in eight years paying 6 percent coupon annually. These bonds have a face value of $1,000 and a current market price of $1,050. What is the companys pre-tax cost of debt?

A) 6.46

B)5.22

C) 4.95

D) 5.84

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