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Please help me to solve this problem, both by using the TI-84 Plus Calculator and the formula for it. Chapter 11 Homework A Submitted KatyDid

Please help me to solve this problem, both by using the TI-84 Plus Calculator and the formula for it.

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Chapter 11 Homework A Submitted KatyDid Clothes has a $170 million (face value) 25-year bond issue selling for 106 percent of par that carries a coupon rate of 13 percent, paid semiannually. What would be KatyDid's before-tax component cost of debt? (Round your answer to 2 decimal places.) 0/3 points awarded 013 is awarde Scored Cost of debt 13.00 %

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