Maple industries has 7 percent bonds outstanding that, Financial Management

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Maple industries has 7 percent bonds outstanding that

Maple Industries has 7 percent bonds outstanding that mature in thirteen years. The bonds pay interest semiannually and have a face value of $1,000. Currently, the bonds are selling for $1,021.16. What is the firm’s pre-tax cost of debt? Please show work:

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Financial Management: Maple industries has 7 percent bonds outstanding that

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