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1. Tax rate - 20%. A 4%, 5-year bond was issued one year ago. If Mr. Kim pays $960 to buy this bond now, calculate

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1. Tax rate - 20%. A 4%, 5-year bond was issued one year ago. If Mr. Kim pays $960 to buy this bond now, calculate the cost of debt and the actual cost of debt. Shoe the time line, abbreviated NS expression, and FCS entries. 2. Tax rate=30%. A 10%, 10-year bond (issued by GM) pays interest annually. If the bond was issued 2 years ago and is currently quoted at 90, calculate the cost of debt and actual cost of debt. Shoe the time line, abbreviated NS expression, and FCS entries

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