Question
Oberon, Inc., has a $35 million (face value) 8-year bond issue selling for 98 percent of par that pays an annual coupon of 8.35 percent.
Oberon, Inc., has a $35 million (face value) 8-year bond issue selling for 98 percent of par that pays an annual coupon of 8.35 percent.
What would be Oberon's before-tax component cost of debt?(Round your answer to 2 decimal places.)
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
