Question
KatyDid Clothes has a $170 million (face value) 25-year bond issue selling for 106 percent of par that carries a coupon rate of 13 percent,
KatyDid Clothes has a $170 million (face value) 25-year bond issue selling for 106 percent of par that carries a coupon rate of 13 percent, paid semiannually. What would be Katydids before-tax component cost of debt?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
