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Icu window is trying to determine its cost of debt. the firm has a debt issue outstanding with seven years to maturity that is quoted

Icu window is trying to determine its cost of debt. the firm has a debt issue outstanding with seven years to maturity that is quoted at 108 percent of face value. the issue makes semiannual payments and has a coupon rate of 7.4 percent annually. the tax rate is 40 percent. what is icus after tax cost of debt?

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