Jiminy s Cricket Farm issued a bond with 2 5 years to maturity and a semiannual coupon
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Question:
Jiminys Cricket Farm issued a bond with years to maturity and a semiannual coupon rate of percent years ago. The bond currently sells for percent of its face value. The companys tax rate is percent. a What is the pretax cost of debt? b What is the aftertax cost of debt?
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