The 20-year bond is selling at 935 each the bond has a
The 20-year bond is selling at $935 each. The bond has a coupon rate of 7% and a par value of $1000. The company will incur a $15 floatation cost for each bond issued. If the firm's tax rate is 35%, what is the after-tax cost of the firm's debt?
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the 20-year bond is selling at 935 each the bond has a coupon rate of 7 and a par value of 1000 the company will incur
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