Jefe26471 Jefe26471
  • 24-04-2024
  • Business
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Lugget Corp. has one bond issue outstanding with an annual coupon of 3.8%, a face value of $1,000 and a price of $983.78, which matures in 10 years. The company's tax rate is 25%. What is Lugget's pre-tax cost of debt?

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