Question: If the Benjamin Company generally borrows using ten-year $1,000 face value bonds and they are priced at par ($1,000) and paying annual coupons of 11%,

If the Benjamin Company generally borrows using ten-year $1,000 face value bonds and they are priced at par ($1,000) and paying annual coupons of 11%, what should be their cost of debt in percent if they are taxed at 39%

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