Jiminy's Cricket Fsrm issued a bond with 25 years to maturity and a semiannual coupon...
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Finance
Jiminy's Cricket Fsrm issued a bond with 25 years to maturity and a semiannual coupon rate of 5 percent 4 years ago. The bond currently sells for 109 percent of its face value. The company's tax rate is 23 percent. what is the pretax cost of debt? what is the aftertax cost of debt?
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