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Problem 12-6 Calculating Cost of Debt [LO 2] ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue
Problem 12-6 Calculating Cost of Debt [LO 2]
| 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 109 percent of face value. The issue makes semiannual payments and has an embedded cost of 7.8 percent annually. |
| Requirement 1: |
| What is ICU |
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