Question: Lenard ltd issues a 20 year 6 per cent unsecured note 8 years ago to increase their range of art pieces. The note is currently

Lenard ltd issues a 20 year 6 per cent unsecured note 8 years ago to increase their range of art pieces. The note is currently selling for 88.39 per cent of its face value.

What is Lenards pre tax cost of debt?

what is Lenards current after tax cost of debt (assume 30% tax rate)

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