Question: Please let me know if you can answer within the hour? Thanks! Titans, Inc. has 5 percent bonds outstanding that mature in 5 years. The

Please let me know if you can answer within the hour? Thanks!

Titans, Inc. has 5 percent bonds outstanding that mature in 5 years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $1,020 each. What is the firm's pretax cost of debt? Pretax cost of debt = %

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