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please answer without using excel to get final answer! Oberon, Inc. has d $15 million (face value) 10-year bond issue seliling for 99 percent of

please answer without using excel to get final answer!

Oberon, Inc. has d $15 million (face value) 10-year bond issue seliling for 99 percent of par that pays an annuai 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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