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Use the information below to determine before tax-costs of debt financing of bond S: Selling price: $1065 Number of years to maturity: 17 Annual Coupon

Use the information below to determine before tax-costs of debt financing of bond S:

Selling price: $1065

Number of years to maturity: 17

Annual Coupon Rate, paid annually: 16.48%

Par Value: 1000

Floatation Cost: $4.25

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