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Jiminy's Cricket Farm issued a 2 5 - year, 5 . 1 percent semiannual bond 3 years ago. The bond currently sells for 1 0

Jiminy's Cricket Farm issued a 25-year, 5.1 percent semiannual
bond 3 years ago. The bond currently sells for 103 percent of its
face value. The book value of the debt issue is $55 million. In
addition, the company has a second debt issue on the market, a zero
coupon bond with 10 years left to maturity; the book value of this
issue is $45 million, and the bonds sell for 53 percent of par. The
companys tax rate is 21 percent.What is the company's total book value of debt?(Do
not round intermediate calculations and enter your answer in
dollars, not millions of dollars, e.g.,1,234,567.)What is the company's total market value of
debt?(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?(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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