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Viserion, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 19 years to maturity that is quoted

Viserion, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 19 years to maturity that is quoted at 97 percent of face value. The issue makes semiannual payments and has an embedded cost of 7 percent annually. a. What is the companys pretax cost of debt? b. If the tax rate is 23 percent, what is the aftertax cost of debt?

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