Business
Business, 25.02.2020 04:29, kl8774

Jimmy’s Cricket Farm issued a 30-year, 10 % semiannual bond 7 years ago. The bond currently sells for 108 percent of its face value. The company’s tax rate is 35%. • What is the pretax cost of debt? • What is the after-tax cost of debt?

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Jimmy’s Cricket Farm issued a 30-year, 10 % semiannual bond 7 years ago. The bond currently sells fo...

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