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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

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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 is 31 percent, what is the aftertax cost of Ying's debt? Bond Coupon Price Quote Rate Maturity Face Value $ 24,000,000 6.1% 5 years 1 105 2 7.1 112 8 years 22 years 36 years 40,000,000 5.7 3 107 47,000,000 6.2 4 119 61,000,000

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