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Please answer all parts. ty X P9-2 (similar to) IQuestion Help Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries

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Please answer all parts. ty

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X P9-2 (similar to) IQuestion Help Cost of debt using both methods (YTM and the approximation formula) Currently, Warren Industries can sell 20-year, $1,000-par-value bonds paying annual interest at a 13% coupon rate. Because current market rates for similar bonds are just under 13%, Warren can sell its bonds for $990 each; Warren will incur flotation costs of $35 per bond. The firm is in the 27% tax bracket. a. Find the net proceeds from the sale of the bond, No. b. Calculate the bond's yield to maturity (YTM) to estimate the before-tax and after-tax costs of debt. c. Use the approximation formula to estimate the before-tax and after-tax costs of debt. a. The net proceeds from the sale of the bond, Ny, is $ . (Round to the nearest dollar.)

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