Pearce’s Cricket Farm issued a 30-year, 8 percent semiannual bond 3 years ago. The bond currently sells for 93 percent of its face value. The company’s tax rate is 35 percent. Assume the par value of the bond is $1,000. a. What is the pre-tax cost of debt? b. What is the after-tax cost of debt? c. Which is more relevant, the pre-tax or the after-tax cost of debt?

Look at this system of equations. -3x + 3y = 12 y = x + 4 the solution set of this system is best explained by which of these statements? a) the graphs of the equations are the same line because the equations have the same slope and the same y-intercept. the system has infinitely many solutions. b) the graphs of the equations are parallel lines because they have the same slope but different y-intercepts. the system has no solution. c) the graphs of the equations are lines that intersect at one point because the equations have the same slope but different y-intercepts. the system has exactly one solution. d) the graphs of the equations are lines that intersect at one point because the equations have the same slope and the same y-intercept. the system has exactly one solution.