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Gibson Industries is issuing a bond with an 8% annual coupon interest rate that matures in 11 years. Current market price is $972, and flotation

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Gibson Industries is issuing a bond with an 8% annual coupon interest rate that matures in 11 years. Current market price is $972, and flotation costs will be 9% of this market value. Gibson is in the 34% corporate tax bracket. What will be the after-tax cost of debt? FV= -1000 N= PMT= PV= 1/Y= After-Tax Cost of Debt=

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