The company is in a 30 percent tax bracket what will be the


Arraway Seed Company is issuing a ?$1,000 par value bond that pays 11 percent annual interest and matures in 11 years. Investors are willing to pay ?$945 for the bond. Flotation costs will be 12 percent of market value. The company is in a 30 percent tax bracket. What will be the? firm's after-tax cost of debt on the? bond?

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C/C++ Programming: The company is in a 30 percent tax bracket what will be the
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