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Linda_us
Linda_us, Finance, Accounts & Homework Tutor
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Please use Excel - a company needs to $500,000 It wants

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Please use Excel -
a company needs to $500,000
It wants to issue a $1,000 par-value bond
@ 14% annual coupon rate
maturing in 10 years
investors require 9% rate of return
a. Compute market value of bonds.
b. compute net price if flotation costs = 10.5% of market price?
c. calculate the # XXXXX bonds the company needed to receive the needed funds?
d. compute the company's after-tax cost of debt if the average tax rate is 25% and its marginal tax is 34%?
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.
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