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The Cost of Debt and Flotation Costs.Suppose a company will issue new 25-year debt with a par valueof $1,000 and a coupon rate of 11%,

The Cost of Debt and Flotation Costs.Suppose a company will issue new 25-year debt with a par valueof $1,000 and a coupon rate of 11%, paid annually. The issue pricewill be $1,000. The tax rate is 1 answer

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