Question: Question 21 (1 point) Use the information below to determine before-tax cost of debt financing of bond S. The Selling Number of Price of the

Question 21 (1 point) Use the information below to determine before-tax

Question 21 (1 point) Use the information below to determine before-tax cost of debt financing of bond S. The Selling Number of Price of the Years to Bond (P) Maturity (n) Annual Coupon Rate, (paid annually) Before-Tax Cost Par Value Floatation Costs of Debt Financing (%) Bond S $1,065 17 16.48% $1,000 $4.25 ? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) You should use Excel or financial calculator

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