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KatyDid clothes a $150 million (face value) 30-year bond issue selling for 104% of par that carries a coupon rate of 11% paid semi-anually. What

KatyDid clothes a $150 million (face value) 30-year bond issue selling for 104% of par that carries a coupon rate of 11% paid semi-anually. What would be KatyDids before tax component cost of debt? Showing formula on excel.

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