Approximate the before tax cost

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Reference no: EM13811368

Approximate the before tax cost using the following

par value$1000

annual interest payment $95

proceeds from the sale of debt $960

years to maturity 20

A. 10.89%

B. 8.89%

C. 9.89%

D. cannot be found with information provided.

Reference no: EM13811368

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