Nico trading corporation is considering issuing longminusterm debt. the debt would have a 30minusyear maturity and a 10 percent coupon rate. in order to sell the issue, the bonds must be underpriced at a discount of 5 percent of face value. in addition, the firm would have to pay flotation costs of 5 percent of face value. the firm's tax rate is 21 percent. given this information, the afterminustax cost of debt for nico trading would be
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Nico trading corporation is considering issuing longminusterm debt. the debt would have a 30minusyea...
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