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Oberon, Inc. has a $10 million (lace value) 8 year bond issue selling for 96 percent of par that pays an annual coupon of 8.00

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Oberon, Inc. has a $10 million (lace value) 8 year bond issue selling for 96 percent of par that pays an annual coupon of 8.00 percent Assume a Par Value of $1,000 and annual compounding What would be Oberon's before-tax component cost of debt? (Round your answer to 2 decimal pleces) Cost of debl

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