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Jiminy's Cricket Farm issued a 30-year, 7 percent semi-annual bond 9 years ago. The bond currently sells for 94 percent of its face value. The

Jiminy's Cricket Farm issued a 30-year, 7 percent semi-annual bond 9 years ago. The bond currently sells for 94 percent of its face value. The book value of the debt issue is $16 million. The company's tax rate is 33 percent.

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