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Business, 08.12.2020 16:50 EDWIN6067

Spartans has 6.5 percent bonds outstanding that mature in 18 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $985 each. What is the firm's pretax cost of debt

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Spartans has 6.5 percent bonds outstanding that mature in 18 years. The bonds pay interest semiannua...
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