Business, 06.12.2019 19:31, hsnak

Waller, inc., is trying to determine its cost of debt. the firm has a debt issue outstanding with 12 years to maturity that is quoted at 103 percent of face value. the issue makes semiannual payments and has an embedded cost of 7 percent annually.
what is the company's pretax cost of debt? (do not round your intermediate calculations.)

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Waller, inc., is trying to determine its cost of debt. the firm has a debt issue outstanding with 12...