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Explain in your own words how the concept of net proceeds ties in with flotation costs in the cost of long-term debt. What are the
Explain in your own words how the concept of net proceeds ties in with flotation costs in the cost of long-term debt.
What are the three ways in which the before-tax cost of debt (rd) for a bond can be obtained?
Why is it important to work with after-tax cost of debt and not the before-tax cost? Demonstrate your answer with an example.
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