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Madoff Corporation raised money through a bond issue with a total principal value of $3,000,000. Each...

Madoff Corporation raised money through a bond issue with a total principal value of $3,000,000. Each bond has a face (par) value of $1,000 and a coupon rate of 6%. The company's applicable tax rate is 21%. a) What is the annual coupon payment bondholders expect to receive? b) What is the total after-tax annual interest expense to the company? Please answer in excel

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B C F G H I J K L M N O 1 2 principal value 3 Par value 4 coupon rate 5 tax rate 6 3000000 1000 6% 21% 8 annual coupon paymenE F G H 2 principal value 3 Par value 4 coupon rate 5 tax rate 3000000 1000 0.06 0.21 7 annual coupon payment bondholders exp

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