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Jiminy's Cricket Farm issued a bond with 2 5 years to maturity and a semiannual coupon rate of 6 percent 5 years ago. The bond
Jiminy's Cricket Farm issued a bond with years to maturity and a semiannual coupon rate of percent years ago. The bond currently sells for percent of its face value. The company's tax rate is percent.
a What is the pretax cost of debt? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the aftertax cost of debt? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Pretax cost of debt,,
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