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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 year, percent semiannual bond years ago. The bond currently sells for percent of its face value. The book value of the debt issue is $ million. In addition, the company has a second debt issue on the market, a zero coupon bond with years left to maturity; the book value of this issue is $ million and the bonds sell for percent of par. The companys tax rate is 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, eg
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, eg
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 decimal places, eg
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