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Jiminy's cricket farm issued a 30-year, 9.4 percent semiannual bond 9 years ago. the bond currently sells for 88 percent off is face value. the

Jiminy's cricket farm issued a 30-year, 9.4 percent semiannual bond 9 years ago. the bond currently sells for 88 percent off is face value. the company's tax rate is 30 percent.

what is the pretax cost of debt? what is the after tax cost of debt?

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