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Jiminy's Cricket Farm issued a 1 5 - year, 7 percent semiannual bond 2 years ago. The bond currently sells for 9 5 percent of

Jiminy's Cricket Farm issued a 15-year, 7 percent semiannual bond 2 years ago. The bond currently sells for 95 percent of its face value. The book value of the debt issue is $60 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 15 years left to maturity; the book value of this issue is $35 million and the bonds sell for 54 percent of par. The companys tax rate is 22 percent.
What is the companys total book value of debt?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g.,1,234,567.
What is the companys total market value of debt?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g.,1,234,567.
What is your best estimate of the aftertax cost of debt?
Note: 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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