Question: 4 KatyDid Clothes has a $160 million (face value) 25-year bond issue selling for 105 percent of par that carries a coupon rate of 12

4 KatyDid Clothes has a $160 million (face value) 25-year bond

4 KatyDid Clothes has a $160 million (face value) 25-year bond issue selling for 105 percent of par that carries a coupon rate of 12 percent, paid semiannually. What would be KatyDid's before-tax component cost of debt? (Round your answer to 2 decimal places.) 8 01:32:28 Cost of debt

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