Question: Question 28 (3 points) A $1,000 par value bond with a 6.2% coupon has 25 years to maturity. If the bonds are currently trading for

Question 28 (3 points) A $1,000 par value bond with a 6.2% coupon has 25 years to maturity. If the bonds are currently trading for $1,065, what is the cost of debt for the firm? 5.62% 5.48% 5.71% 5.80% 5.83%

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