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Jiminy s Cricket Farm issued a 3 0 - year, 4 percent semiannual coupon bond 2 years ago. The bond currently sells for 1 0

Jiminys Cricket Farm issued a 30-year, 4 percent semiannual coupon bond 2 years ago. The bond currently sells for 107 percent of its face value. The companys tax rate is 21 percent. The book value of the debt issue is $60 million. In addition, the company has a second debt issue, a zero coupon bond with 10 years left to maturity; the book value of this issue is $35 million, and the bonds sell for 76 percent of par. c. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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