Long-Term Financing PART 7 22. Calculating the Cost of Debt Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. If the corporate tax rate is 24 percent, what is the aftertax cost of the company's debt? LO 2 Face Value Maturity Bond Coupon Rate Price Quote $30,000,000 50,000,000 5 years 8 years 15/2 years 1 6.5% 109.0 97.4 5.3 65,000,000 110.5 6.9 25 years 85,000,000 109.8 7.3 234