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Question Helv Before-tax cost of debt Groniseth Drywall Systems, Inc. is in discussions with its investment bankers regarding the issuance of new bonds. The investment

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Question Helv Before-tax cost of debt Groniseth Drywall Systems, Inc. is in discussions with its investment bankers regarding the issuance of new bonds. The investment banker has informed the firm that different maurities will carry different coupon rates and soll at different prices. The firm must choose among several atratives In each case, the bonds will have a $1.000 par value and fotation costs will be $30 per bond Calculate the before tax cost of financing with the following arrative (Click on the icin here in order to copy the contents of the datatable below into a spreadshot) Coupon rate Time to maturity Premium or discount 99% 5100 The before-tax cost of debt is (Round to two decimal poo) 19 years

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