Question: Plastex Inc.has decided to issue 3 year maturity, 15 % coupon bonds with a total nominal value of 400 million &. The bonds were sold

Plastex Inc.has decided to issue 3 year maturity, 15 % coupon bonds with a total nominal value of 400 million &. The bonds were sold at 10 % premium. Floatation costs amounts to 8 % of total nominal value. The principal will be repaid in equal instalments after the first period in which there will be no payment. The tax rate is 22 %. Compute the cost of this bond issue.

PLEASE SOLVE WTH TABLE AND WHAT S NEED, THANKS.

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