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J&R Renovation, Inc., Is trying to determine its cost of debt. The frm has a debt issue outstanding with 10 years to maturity that is quoted at 108 percent of face value. The Issue makes semiannual payments and has a coupon rate of 9 percent annually What is the companys pretax cost of debt? (Do not round Intermedlate calculetlons. Enter your answer as a percent rounded to 2 decimel pleces, e.g, 32.16.) Pretax cost of debt? 78 If the tax rate is 35 percent, what is the aftertax cost of debt? (Do not round intermedlate calculetions. Enter your answer as a percent rounded to 2 decimel places, e.g. 32.16.) Aftertax cost of debt ????% ?Prev 20,5? Next > here to search
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