Jiminy s Cricket Farm issued a 3 0 - year, 6 percent semiannual bond three years ago.
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Question:
Jiminys Cricket Farm issued a year, percent semiannual
bond three years ago. The bond currently sells for percent of
its face value. The book value of the debt issue is $ million. In
addition, the company has a second debt issue on the market, a zero
coupon bond with eight years left to maturity; the book value of
this issue is $ million, and the bonds sell for percent of
par. The companys tax rate is percentWhat is the companys total book value of
debt?Enter your answer in dollars, not millions of
dollars, eg
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