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please show all steps! Problem 14-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding, each making semiannual interest payments. The

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Problem 14-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table Bond Coupon Rate Price Quote Face Value $ 42,000,000 37,000,000 57,000,000 52,000,000 Maturity 6.2% 7.7 7.4 7.0 106.06 114.72 113.27 102.51 5 years 8 years 15.5 years 25 years 4 If the corporate tax rate is 30 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt

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