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Neptune Corporation's bonds have 15-year bonds with a coupon rate of 12% Interest is paid semi-annually. The bonds sold at par value, but the firm
Neptune Corporation's bonds have 15-year bonds with a coupon rate of 12% Interest is paid semi-annually. The bonds sold at par value, but the firm paid flotation costs amounting to 2% of par value. The firm has a marginal tax rate of 21% What is the firm's after-tax cost of debt for these bonds? O 7.6156 0 4.82% 12.30% 9.71% O 12.0%
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