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jiminys Cricket Farm issued a 25-year, 6 percent semiannual coupon bond 5 years ago. The bond currently sells for 108 percent of its face value.
jiminys Cricket Farm issued a 25-year, 6 percent semiannual coupon bond 5 years ago. The bond currently sells for 108 percent of its face value. The companys tax rate is 24 percent. The book value of the debt issue is $60 million. In addition, the company has a second debt issue, a zero coupon bond with 8 years left to maturity; the book value of this issue is $35 million, and the bonds sell for 79 percent of par
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