Question
Oberon, Inc., has a $25 million (face value) 8-year bond issue selling for 94 percent of par that pays an annual coupon of 8.25 percent.
Oberon, Inc., has a $25 million (face value) 8-year bond issue selling for 94 percent of par that pays an annual coupon of 8.25 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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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
