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HELP PLS Problem 12-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are
HELP PLS
Problem 12-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. 3 years Bond Coupon Rate 1 890% 6.90 9.00 4 9.10 Price Quote Maturity Face Value 106.4 $ 23,000,000 94.0 6 years 35,000.000 105.2 13.5 years 40,000,000 95.0 23 years 55,000,000 What is the market value of each of the company's bonds? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Round your answers to the nearest whole number, e.g., 32.) Market value Bond 1 2 3 4 What is the market value weight of each of the company's bonds ? (Do not round Intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) Bond Weight 4 What is the YTM of each of the company's bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) YTM Bond 1 3 4 If the corporate tax rate is 35 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.) Aftertax cost of debtStep by Step Solution
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