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Use the information below to determine before-tax cost of debt financing of bond S. The Selling Price of the Bond (P) Number of Years to
Use the information below to determine before-tax cost of debt financing of bond S. The Selling Price of the Bond (P) Number of Years to Maturity (n) Annual Coupon Rate, (paid annually) Par Value Before - Tax Cost Floatation Costs of Debt Financing (%) Bond S $1,089 17 13.99% $1,000 $2.23 ? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) You should use Excel or financial calculator
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