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Jiminy's Cricket Farm issued a 2 5 - year, 6 percent semiannual coupon bond 5 years ago. The bond currently sells for 1 0 8
Jiminy's Cricket Farm issued a year, percent semiannual coupon bond years ago. The bond currently sells for percent of its face value. The company's tax rate is percent.
a What is the company's pretax cost of debt?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the company's aftertax cost of debt?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Pretax cost of debt,
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