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Oberon, Inc., has a $40 million (face value) 8-year bond issue selling for 99 percent of par that pays an annual coupon of 8.40 percent.
Oberon, Inc., has a $40 million (face value) 8-year bond issue selling for 99 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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