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What would be oberons before-tax component cost of debt

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Oberon, Inc., has a $10 million (face value) 10-year bond issue selling for 98 percent of par that pays an annual coupon of 8.30 percent.

Question 1: What would be Oberon's before-tax component cost of debt? (Round your answer to 2 decimal places.)

Reference no: EM132498983

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