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20. Cost of Debt. Micro Spinoffs Inc. issued 20-vear debt a year ago at par value with a coupon rate of 8%, paid annually. To

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COUPON RATE 8.00% NPER =YEARS TO MATURITY 19 $80.00 (face value x coupon rate) PMT $1,000.00 FACE VALUE PRICE PV = $1,050.00

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