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please help . A firm's before-tax cost of debt is approximately 7.7 percent for a 15-year par value bond of $1,000. The bond is selling
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. A firm's before-tax cost of debt is approximately 7.7 percent for a 15-year par value bond of $1,000. The bond is selling for $1,050 and has an 8 percent coupon rate. Based on those data, its flotation costs must be of the bond par value Step by Step Solution
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
