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The Warriors Sports Company has issued 8% coupon bonds. Coupons are paid on a qu...
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The Warriors Sports Company has issued 8% coupon bonds. Coupons are paid on a quarterly basis, the bonds have a R1 000 par value and will mature in 12 years. The bonds are currently selling at a price of R950. The company's tax rate is 28%. What is the firm's pre-tax cost of debt?
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