Use the information below to determine before tax cost of debt financing of bond S. selling price

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Use the information below to determine before tax cost of debt financing of bond S.

selling price of bond $1,000

# of year to maturity 17

annual coupon rate 13.99%

par value $1,000

flotation costs $2.23

before tax cost of debt financing (%) ?

Related Book For answer-question

Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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Posted Date: May 02, 2024 08:14 AM

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Use the information below to determine before tax cost of debt financing of bond S. selling price

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Principles of managerial finance

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