kayah6687 kayah6687
  • 21-11-2022
  • Business
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a firm recently issued $1,000 par value, 20-year bonds with a coupon rate of 6% and semi-annual payments. the bonds sold at par value, but flotation costs amounted to 5% of par value. the firm has a marginal tax rate of 21%. what is the firm's cost of debt for these bonds?

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