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Pearce's Cricket Farm issued a 30-year, 6% semiannual bond 3 years ago. The bond currently sells for 92% of its face value. The company's tax

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Pearce's Cricket Farm issued a 30-year, 6% semiannual bond 3 years ago. The bond currently sells for 92% of its face value. The company's tax rate is 40%. Suppose the book value of the debt issue is $50 million in addition, the company has a second debt issue on the market a zero coupon bond with 12 years left to maturity: the book value of this issue is 550 million and the bonds sell for 54% of par Assume the par value of the bond is $1.000 What is the company's total book value of debt? (Enter the answer in dollars. Omit S sign in your response :) Total book value S What is the company's total market value of debt? (Enter the answer in dollars. Omit S sign in your response.) Total market value SO What is your best estimate of the after-tax cost of debt? (Do not round Intermediate calculations. Enter your answer as a percatinge Founded to 2 decimal places.) Cost of debt THE Ned

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