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Business, 26.11.2019 00:31 momneedshelphmwk

Joliet company is planning to issue $1,000 par value bonds that have a coupon rate of 9.6%. the bonds will be sold at a market price of $1,120. flotation costs will amount to 4 percent of market value. the bonds would mature in 15 years and coupon payments would be semi-annual. joliet's corporate tax rate is 35%. what is the firm's cost of debt financing?

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Joliet company is planning to issue $1,000 par value bonds that have a coupon rate of 9.6%. the bond...
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