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Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.74 percent, a par value of $2,000 per bond,
Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.74 percent, a par value of $2,000 per bond, matures in 8 years, has a total face value or $48 ition and sound at 105 cent of face value The second se bos a coupon rate of 6.5 percent, o par value of $1000 per bond, matures in tl years, has a total fece value of 591 million, and is quoted at 103 percent of face value. Both bonds pay interest semlornually. The company's tax rates 40 percent. What is the firm's weighted average aftertax cost of debe? Multiple Choice O 30 0 400
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