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Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 18 years to maturity that is quoted

Sunrise, Incorporated, is trying to determine its cost of debt. The firm has a debt issue outstanding with 18 years to maturity that is quoted at 109 percent of face value. The issue makes semiannual payments and has an embedded cost of 6 percent annually What is the company's pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the tax rate is 22 percent, what is the aftertax cost of debt ? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 .) a. Pretax cost of debt % b. Aftertax cost of debt %

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