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Jiminy's Cricket Farm issued a 30-year, 7 percent semiannual bond 5 years ago. The bond currently sells for 92 percent of its face value. The
Jiminy's Cricket Farm issued a 30-year, 7 percent semiannual bond 5 years ago. The bond currently sells for 92 percent of its face value. The book value of this debt issue is $94 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 $64 million, and it sells for 59 percent of par. The company
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