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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

YTM

Face Value

1 5.5% 105 3 years 3.72% $ 19,000,000
2 6.1% 113 6 years 3.67% $43,000,000
3 5.4% 104 14.5 years 5.01% $41,000,000
4 5.9% 18

26.5 years

4.7%

$62,000,000

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