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ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is

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ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 11 years to maturity that is quoted at 98 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually. If the tax rate is 35 percent, what is the after-tax cost of cost of debt? 14.6% 8% ( 6.26% 4.07% You bought a share of 6 percent preferred stock for $108 last year. The market price for your stock is now $117. What is your total return for last year? 12.5% 12% 13% 13.89%

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