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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 3 4 1234
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 3 4 1234 Coupon Rate Price Quote 4.0% 103.18 Maturity 5 years 6.1 112.80 5.3 107.45 8 years 15 1/2 years Face Value $ 45,000,00 40,000,00 50,000,00 4.9 102.75 25 years 65,000,00 If the corporate tax rate is 22 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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