Question
KatyDid Clothes has a $170 million (face value) 20-year bond issue selling for 104 percent of par that carries a coupon rate of 13 percent,
KatyDid Clothes has a $170 million (face value) 20-year bond issue selling for 104 percent of par that carries a coupon rate of 13 percent, paid semiannually.
What would be KatyDid's before-tax component cost of debt?
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
