Question: Question 4 (1 point) A bond has a $1000 face value, 8% coupon rate paid semi-annually, matures in 20 years, and is currently selling in

 Question 4 (1 point) A bond has a $1000 face value,

Question 4 (1 point) A bond has a $1000 face value, 8% coupon rate paid semi-annually, matures in 20 years, and is currently selling in the market for $990. The annual before tax cost of debt (YTM or Rd) is % Please enter you answer with 2 decimal places and in a percentage format. For example if you answer is 0.034567, enter 3.46 Your

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