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Jiminy's Cricket issued a 30 year, 8% semi-annual bond 3 years ago. The bond currently sells for 93% of its face value. The company's tax

Jiminy's Cricket issued a 30 year, 8% semi-annual bond 3 years ago. The bond currently sells for 93% of its face value. The company's tax rate is 35%. (Note: The bond was issued 3 years ago so make sure to take that into account when calculating the years to maturity). What is the pretax AND the after tax cost of debt?

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