Jiminys cricket farm issued a 30-year 8 percent semiannual
Jiminy's Cricket Farm issued a 30-year, 8 percent, semiannual bond 6 years ago. The bond currently sells for 114 percent of its face value. What is the aftertax cost of debt if the company's tax rate is 31 percent?
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jiminys cricket farm issued a 30-year 8 percent semiannual bond 6 years ago the bond currently sells for 114 percent of
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