Question: PLEASE READ THE RED TEXT. PROVIDE THE EXACT FORMULA FOR EXCEL. THANK YOU! Jiminy's Cricket Farm issued a 30-year, 7 percent semiannual bond 3 years

PLEASE READ THE RED TEXT. PROVIDE THE EXACT FORMULA FOR EXCEL. THANK YOU!

PLEASE READ THE RED TEXT. PROVIDE THE EXACT FORMULA FOR EXCEL.

Jiminy's Cricket Farm issued a 30-year, 7 percent semiannual bond 3 years ago. The bond currently sells for 93 percent of its face value. The company's tax rate is 22 percent. What is the pretax cost of debt? What is the aftertax cost of debt? Settlement Maturity Coupon rate Price (% of par) Redemption value (% of par) Payments per year Tax rate 01/01/00 01/01/27 7% 93 100 2 22% Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the YIELD function. You must use the built-in Excel function to answer this question. Pretax cost of debt Aftertax cost of debt

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