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Intro Jimstan & Jimstan Corp. can sell a new 10-year bond with an annual coupon of 6% and a face value of $1,000 for $1.238.6.

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Intro Jimstan & Jimstan Corp. can sell a new 10-year bond with an annual coupon of 6% and a face value of $1,000 for $1.238.6. The company will incur flotation costs of $40 per bond and has a tax rate of 24% Attempt 1/10 for 10 pts Part 1 What are the net proceeds from selling the bond? p+decimals Submit

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