What is icu pretax cost of debt

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ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with nine years to maturity that is quoted at 115 percent of face value. The issue makes semiannual payments and has an embedded cost of 10.2 percent annually.

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What is ICU's pretax cost of debt?

 

Reference no: EM13263953

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