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Q1: (Cost of debt) Belton is issuing a 1000 pat value bond that pays 7 percent annual interest and matures in 15 years. Investors are

Q1: (Cost of debt) Belton is issuing a 1000 pat value bond that pays 7 percent annual interest and matures in 15 years. Investors are willing to pay 958 for the bond. Flotation costs will be 11 percent of market value. The company is in an 18 percent tax bracket. What will be the firm

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