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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 234 Coupon Rate
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 234 Coupon Rate 8.60% 6.90 8.30 8.80 Price Quote 105.1 95.3 103.9 105.8 Maturity 6 years Face Value $ 21,000,000 9 years 16.5 years 26 years 41,000,000 46,000,000 61,000,000 If the corporate tax rate is 21 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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