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incur flotation costs of $ 2 0 per bond. The firm is in the 2 3 % tax bracket. a . Find the net proceeds

incur flotation costs of $20 per bond. The firm is in the 23% tax bracket.
a. Find the net proceeds from the sale of the bond, Nd.(Round to nearest dollar).
b. Calculate the before-tax and after-tax costs of debt. (Round to one decimal place)
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