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22 3.57 points Skipped eBook Print References Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the
22 3.57 points Skipped eBook Print References Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate 8.60% 1 2 6.80 8.30 8.80 ~34 Price Quote 106.6 93.8 105.4 95.2 Aftertax cost of debt Maturity 6 years 9 years 16.5 years 26 years If the corporate tax rate is 21 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % Face Value $25,000,000 33,000,000 38,000,000 53,000,000
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