Question: WC inc has a $10,000,000 (face value) a 10 year bond issue selling for 99% of par that pays that pays an annual coupon of

WC inc has a $10,000,000 (face value) a 10 year bond issue selling for 99% of par that pays that pays an annual coupon of 9%. What would the WC's before tax component cost of debt?

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