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Drogo Inc trying to determine cost of debt. Firm has a debt issue outstanding with 12 years to maturity quoted at 104 percent of face

Drogo Inc trying to determine cost of debt. Firm has a debt issue outstanding with 12 years to maturity quoted at 104 percent of face value. The issue makes semiannual payments and has an embedded cost of 10 percent annually. What is pretax cost of bebt?
If tax rate is 35 percent what is aftertax cost of debt?

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