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Question 2 2 pts Waller, Inc, is trying to determine its cost of debt. The frm has a debt issue outstanding with 12 years to

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Question 2 2 pts Waller, Inc, is trying to determine its cost of debt. The frm has a debt issue outstanding with 12 years to maturity that is quoted at 105 percent of face value. The issue makes semiannual payments and has an embedded cost of 8 percent annually. What is the company's pretax cost of debt? (Do not round your intermediate calculations.) 0 7.37% 8.20% 2 pts )Question 3

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