Question
Oberon, Inc., has a $45 million (face value) 12-year bond issue selling for 96 percent of par that pays an annual coupon of 8.45 percent.
| Oberon, Inc., has a $45 million (face value) 12-year bond issue selling for 96 percent of par that pays an annual coupon of 8.45 percent. |
| What would be Oberons before-tax component cost of debt? |
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
