Jiminy's Cricket Farm issu

ed a bond with $15$ years to maturity and a semiannual coupon

rate of $4$ percent $2$ years ago. The bond currently sells for $91$ percent of its face value.

The company's tax rate is $21$ percent. The book value of the debt issue is $$30$ million. In

addition, the company has a second debt issue on the market, a zero coupon bond with

$7$ years left to maturity; the book value of this issue is $$20$ million, and the bonds sell for

$73$ percent of par.