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Solve it with out using excell Calculating Cost of Debt Shanken NV issued a 3 0 - year, 1 0 per cent semi - annual

Solve it with out using excell
Calculating Cost of Debt Shanken NV issued a 30-year, 10 per cent semi-annual bond 7 years ago. The bond currently sells for
108 per cent of its face value. The company's tax rate is 35 per cent. Assume face value of the debt is 1,000.
(a)What is the pre-tax cost of debt?
(b)What is the after-tax cost of debt?
(c)Which is more relevant, the pre-tax or the after-tax cost of debt? Why?
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