Homework 3 Due on Mar 11th Before midnight i Submitted Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond 1 0/15 points awarded Coupon Rate 70% 8.5 82 7.8 Price Quote Maturity 105.766 years 115.529 years 114.07 16.5 years 103.31 26 years Face Value $50,000,000 45,000,000 65,000,000 72,000,000 Scored If the corporate tax rate is 25 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.) eBook Cost of debt 6.68 % References