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  • 13-12-2022
  • Business
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a corporate bond has a face value of $1,000 and a coupon rate of 5%. the bond matures in 15 years and has a current market price of $950. if the corporation sells more bonds, it will incur flotation costs of $25 per bond. if the corporate tax rate is 35%, what is the after-tax cost of debt?

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