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Business, 09.07.2019 20:20 rileysndr1782

Jiminy's cricket farm issued a 30-year, 7.2 percent semiannual bond 5 years ago. the bond currently sells for 89.5 percent of its face value. the book value of this debt issue is $99 million. in addition, the company has a second debt issue, a zero coupon bond with 8 years left to maturity; the book value of this issue is $69 million, and it sells for 57 percent of par. the company’s tax rate is 40 percent. what is the total book value of debt? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e. g., 1,234,567.) total book value of debt $ 168 what is the total market value of debt? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e. g., 1,234,567.) total market value $ 127,935,000 what is the aftertax cost of debt? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) aftertax cost of debt

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Jiminy's cricket farm issued a 30-year, 7.2 percent semiannual bond 5 years ago. the bond currently...
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