Katydid clothes has a 140 million face value 20-year bond, Financial Management

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Katydid clothes has a 140 million face value 20-year bond

KatyDid Clothes has a $140 million (face value) 20-year bond issue selling for 103 percent of par that carries a coupon rate of 14 percent, paid semiannually. What would be KatyDid's before-tax component cost of debt? (Round your answer to 2 decimal places.) Cost of debt %

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Financial Management: Katydid clothes has a 140 million face value 20-year bond

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Financial Management: Katydid clothes has a 140 million face value 20-year bond

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