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Question - 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?
a. 6.75 percent
b. 6.84 percent
c. 6.91 percent
d. 7.03 percent
e. 7.14 percent
What amount can she deposit today at 5.25% to have enough to pay off the loan?
When is revenue recognized in the following situations: Revenue from services performed?
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