Three years ago, the Fairchildress Co.issued 20-year, 7.75 percent semiannual coupon bonds atp Today, the...
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Three years ago, the Fairchildress Co.issued 20-year, 7.75 percent semiannual coupon bonds atp Today, the bonds are quoted at $1,026. What is the firm's pretax cost of debt, including flotation costs, if its flotation costs are $22.86 per bond? 7.48 percent 7.32 percent 7.13 percent 0 7.72 percent
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