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Dublin International Corporation pays a marginal 40% tax rate. The company will issue a new 3-year bond with a 9% coupon rate and a par
Dublin International Corporation pays a marginal 40% tax rate. The company will issue a new 3-year bond with a 9% coupon rate and a par value of $ 1,000. The bond can now be sold at a price of $ 938.90, at a float cost of $ 23 per bond. What is the cost of the bonus for the company?
the question is: " What is the bond"
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