Question: Oberon, Inc. has a $ 4 5 million ( face value ) 8 - year bond issue selling for 9 8 percent of par that

Oberon, Inc. has a $45 million (face value)8-year bond issue selling for 98 percent of par that pays an annual coupon of 8.10
What would be Oberon's before-tax component cost of debt? (Round your answer to 2 decimal places.)
Cost of debt
Oberon, Inc. has a $45 million (face value)8-year bond issue selling

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