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Jake's Farm Park issued a 2 0 year, 5 . 8 % quarterly bond 5 years ago. The bond currently sells for 9 5 %

Jake's Farm Park issued a 20 year, 5.8% quarterly bond 5 years ago. The bond currently sells for 95% of its face value. The company's tax rate is 21%. What is the pre-tax and after-tax cost of debt? (10 points)
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