Neptune Corporation's bonds have 15-year bonds with a coupon rate of 12%. Interest is paid semi-annually. The bonds sold at par value, but the firm paid flotation costs amounting to 2% of par value. The firm has a marginal tax rate of 21%. What is the firm's after-tax cost of debt for these bonds

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan