Question: a and b are wrong not 3.99 and 2.99 please get correct only 2 more tries on problem Jiminy's Cricket Farm issued a bond with

a and b are wrong not 3.99 and 2.99 please get

a and b are wrong not 3.99 and 2.99 please get correct only 2 more tries on problem

Jiminy's Cricket Farm issued a bond with 30 years to maturity and a semiannual coupon rate of 7 percent 6 years ago. The bond currently sells for 96 percent of its face value. The company's tax rate is 25 percent. a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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