Katydid clothes has a 150 million 1000 face value 15-year


KatyDid Clothes has a $150 million ($1000 face value) 15-year bond issue selling for 106% of par that carries a coupon rate of 8%, paid semi-annually. What would be KatyDid's before-tax component cost of debt?

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Finance Basics: Katydid clothes has a 150 million 1000 face value 15-year
Reference No:- TGS0601610

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