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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1234 Coupon Rate
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1234 Coupon Rate 8.90% 6.90 8.60 9.10 Price Quote 106.4 94.0 105.2 95.0 Maturity 3 years 6 years 13.5 years Face Value $ 23,000,000 35,000,000 40,000,000 23 years 55,000,000 If the corporate tax rate is 24 percent, what is the aftertax cost of the company's debt? Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Aftertax cost of debt %
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