Question: Please answer the questions in Excel and show how it is done with formulas. Old MacDonalds Farm issued a 30-year, 8% semiannual bond 4 years

Please answer the questions in Excel and show how it is done with formulas.

Old MacDonalds Farm issued a 30-year, 8% semiannual bond 4 years ago. The Bond is currently selling for 94% of its face value. The tax rate for the company is 31%. What is the pretax cost of debt? What is the after-tax cost of debt?

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