Solved: Dmb incnbspsells 100 million worth of 26-year to maturity, Finance Basics

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Dmb incnbspsells 100 million worth of 26-year to maturity

DMB, Inc. sells $100 million worth of 26-year to maturity 12.32% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $858 for each $1,000 bond. What is the before-tax cost of capital for this debt financing?

Round the answer to two decimal places in percentage form. Use Excel or the financial calculator.

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Finance Basics: Dmb incnbspsells 100 million worth of 26-year to maturity

Reference No:- TGS02184230

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