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what would be the before tax cost compnent? KatyDid Clothes has a $130 million (face value) 30-year bond issue selling for 106 percent of par

what would be the before tax cost compnent?
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KatyDid Clothes has a $130 million (face value) 30-year bond issue selling for 106 percent of par that carries a coupon rate of 10 percent, paid semiannually. What would be Katydid's before-tax component cost of debt? Note: Round your answer to 2 decimal places

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