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iminy s Cricket Farm issued a bond with 2 0 years to maturity and a semiannual coupon rate of 4 percent 6 years ago. The
iminys Cricket Farm issued a bond with years to maturity and a semiannual coupon rate of percent years ago. The bond currently sells for percent of its face value. The companys tax rate is percent.
a
What is the pretax cost of debt? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the aftertax cost of debt? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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