Katydid clothes has a 170 million face value 20 year bond


KatyDid Clothes has a $170 million (face value) 20 year bond issue selling for 104 percent of par that carries a coupon rate of 13 percent, paid semi-annually. What would be KatyDid's before tax component cost of debt?

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Financial Management: Katydid clothes has a 170 million face value 20 year bond
Reference No:- TGS01252253

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