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? (Round your answer to 2 decimal places.) |
| Cost of debt | % |
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
