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Assume that JCT Inc. issue 30-year bond paying a 6% annual coupon. Expected price to be paid by the investors is $910. The expected flotation

Assume that JCT Inc. issue 30-year bond paying a 6% annual coupon. Expected price to be paid by the investors is $910. The expected flotation cost per bond is $41, and the firm is in the 35% tax bracket. what is the firm's after-tax cost of existing debt? Let the face value of Bond be $ 1000 Need to show calculation.

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