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SunriseIncorporated, is trying to determine its cost of debtThe firm has a debt issue outstanding...

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Finance

SunriseIncorporated, is trying to determine its cost of debtThe firm has a debt issue outstanding with 18 years to maturity that is quoted at 109 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually What is the company's pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the tax rate is 22 percent, what is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer a percent rounded to 2 decimal places, e.g., 32.16.) aPretax cost of debt % b. cost of debt

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