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Finance Question 1 answer below » Jiminy’s Cricket Farm issued a 30-year, 12 percent semiannual bond 5 years ago. The bond currently sells for 115 percent of its face value. The
company’s tax rate is 33 percent. Required: (a) The pretax cost of debt is__________ percent. (b) The aftertax cost debt is_________ percent. (c) The _______ rate is more relevant. (Options are aftertax or pretax) Pleae show the step on how to get the answer! Jan 17 2014 04:15 PM
