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Ass 31213.1184 Ch 12 Homework Jiminy's Cricket Farm issued a 30-year, 7.6 percent semiannual bond 9 years ago. The bond currently sells for 90.5 percent

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Ass 31213.1184 Ch 12 Homework Jiminy's Cricket Farm issued a 30-year, 7.6 percent semiannual bond 9 years ago. The bond currently sells for 90.5 percent of its face value. The book value of this debt issue is $97 million. In addition, the company has a second debt issue, a zero coupon bond with 12 years left to maturity; the book value of this issue is $67 million, and it sells for 56 percent of par. The company's tax rate is 30 percent. Required What is the total book value of debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Total book value of debt What is the total market value of debt? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Total market value What is the aftertax cost of the 7.6 percent coupon bond? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Aftertax cost of debt 6.01 % What is the aftertax cost of the zero coupon bond? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Aftertax cost of debt What is the aftertax cost of debt? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Aftertax cost of debt renceseBook &Resources Diffculty: Basic Worksheet

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