What would the katy did''s before-tax component cost of debt

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Cost of Debt: KatyDid Clothes has a $150 million (face value) 30-year bond issue selling for 104 percent of par that carries a coupon rate of of 11 percent, paid semiannually. What would the Katy did's before-tax component cost of debt?

Reference no: EM132459114

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