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builtrite is considering selling bonds for plant expansion. currently builtrite believes that it could sell 20 year maturity, $1000 par value, 6 3/8 coupon bonds
builtrite is considering selling bonds for plant expansion. currently builtrite believes that it could sell 20 year maturity, $1000 par value, 6 3/8 coupon bonds after flotation cost for $1080. if builtrite is in the 34% marginal tax bracket, what is the after cost for the bonds ?
it is 6 3/% coupon bond
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
