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Please explain how to calculate solution. NO EXCEL, but financial calculator is allowed and preferred. tia!!!! Ying Import has several bond issues outstanding, each making

Please explain how to calculate solution. NO EXCEL, but financial calculator is allowed and preferred. tia!!!!

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 32 percent, what is the aftertax cost of Ying's debt? 4.24% 3.88% 3.84% 5.94% 4.04%

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