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Jimmy's cricket farm issued a bond with 20 years to maturity and a semiannual coupon rate of 4 percent 6 years ago. The bond currently
Jimmy's cricket farm issued a bond with 20 years to maturity and a semiannual coupon rate of 4 percent 6 years ago. The bond currently sells for 95 percent of its face value. The company's tax rate is 25 percent. Whatvis pretax cost and after tax cost of debt
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