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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
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 33 percent, what is the aftertax cost of Ying's debt? (Do not round your intermediate calculations.) Bond Coupon Rate Price Quote Maturity Face Value 1 6.1% 104 6 years $ 23,000,000 2 7 113 10 years 36,000,000 3 6 103 24 years 45,000,000 4 6.8 117 37 years 56,000,000
37,335,301,271,043,456%
55,724,330,255,288,744%
35,841,889,220,201,716%
35,468,536,207,491,284%
39,202,066,334,595,632%
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 33 percent, what is the aftertax cost of Ying's debt? (Do not round your intermediate calculations.) Maturity 6 years Bond Coupon Rate 1 6.1% 7 3 6 4 6.8 Price Quote 104 113 103 117 10 years 24 years 37 years Face Value $ 23,000,000 36,000,000 45,000,000 56,000,000 37,335,301,271,043,456% 55,724,330,255,288,744% 35,841,889,220,201,716% 35,468,536,207,491,284% 39,202,066,334,595,632%Step by Step Solution
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