Question: How do I calculate the below correct answer in excel. Use the information below to determine before-tax cost of debt financing of bond S. Selling

How do I calculate the below correct answer in excel.

Use the information below to determine before-tax cost of debt financing of bond S. Selling Price of the Bond (P), Number of Years to Maturity (n), Annual Coupon Rate, (paid annually), Par Value Floatation Costs, Before -Tax Cost of Debt Financing (%) Bond S: $1,089, 17, 13.99%, $1,000, $2.23, ? You should use Excel or financial calculator. Answer: 12.71 %

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