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Jiminy's Cricket Farm issued a 30-year, 7% semiannual coupon bond 5 years ago. The bond currently sells for 95% of its face value. The company's

Jiminy's Cricket Farm issued a 30-year, 7% semiannual coupon bond 5 years ago. The bond currently sells for 95% of its face value. The company's tax rate is 24%. A) What is the company's pretax cost of debt? B) What is the company's after-tax cost of debt? Please use excel and explain the answer.

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