Are cover letters and business letters single spaced?

Are cover letters and business letters single spaced?
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Some of it is personal esthetics, but here is what I use: Paragraphs are single spaced. Space between paragraphs is double spaced. One blank line after date, recipient’s address, salutation. After the complimentary closing (Sincerely), 5 lines to make space for your signature, then your typed name, followed by any additional info: job title, address, phone number.
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