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Himiny's Cricket Farm Issued a 24-year, 10 percent semiannual bond 2 years ago. The bond currently sells for 90 percent of its face value. The

Himiny's Cricket Farm Issued a 24-year, 10 percent semiannual bond 2 years ago. The bond currently sells for 90 percent of its face value. The company's tax rate is 33 percent. What is the pretax cost of debt?

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