What is xyz pre tax cost of debt
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XYZ has issued a 5 year bond with a coupon rate of 11% and par value of $1000. The price received by XYZ was $1200.
Question: What is XYZ's pre tax cost of debt?
Note: Please show the work not just the answer.
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What is XYZ's pre tax cost of debt? Note: Please show the work not just the answer.
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