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Stancorp has a $13
Stancorp has a
$13.8
million debt issue? outstanding, with a
6.2%
coupon rate. The debt has? semi-annual coupons, with the next coupon is due in six months. The debt matures in five years. It is currently priced at
93%
of par value.
a. What is? Stancorp's pre-tax cost of? debt? Note: Compute the effective annual return.
b. If Stancorp faces a
30%
tax? rate, what is its? after-tax cost of? debt?
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