Question
Oberon, Inc., has a $25 million (face value) 10-year bond issue selling for 96 percent of par that pays an annual coupon of 8.40 percent.
Oberon, Inc., has a $25 million (face value) 10-year bond issue selling for 96 percent of par that pays an annual coupon of 8.40 percent. What would be Oberons before-tax component cost of debt? (Round your answer to 2 decimal places.)
Cost of debt %
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
