Oberon, Incorporated has a $20 million (face value) 12-year bond issue selling for 95 percent...

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Finance

Oberon, Incorporated has a $20 million (face value) 12-year bond issue selling for 95 percent of par that pays an annual coupon of 8.20 percent. What would be Oberon's before-tax component cost of debt? Note: Round your answer to 2 decimal places. Cost of debt %
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Oberon, Incorporated has a \\( \\$ 20 \\) million (face value) 12 -year bond issue selling for 95 percent of par that pays an annual coupon of 8.20 percent. What would be Oberon's before-tax component cost of debt? Note: Round your answer to 2 decimal places

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