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Jiminy's Cricket Farm issued a 30-year, 8 percent, semiannual bond 6 years ago. The bond...

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Jiminy's Cricket Farm issued a 30-year, 8 percent, semiannual bond 6 years ago. The bond currently sells for 104 percent of its face value. What is the before tax cost of debt if the company's tax rate is 31 percent? O 6.63 percent 4.70 percent 5.75 percent 6.81 percent 0 7.64 percent

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