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Your firm wishes to issue a 20-year bond, annual coupon of 6%, and the price has been determined to be RM880. The floatation cost of

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Your firm wishes to issue a 20-year bond, annual coupon of 6%, and the price has been determined to be RM880. The floatation cost of the issuance is 2% of the selling price. The tax rate is 24%. Question: The net selling price is RM Annual YTM is % After tax cost of debt is %

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