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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate Price Maturity
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate Price Maturity Face Value Quote 106.06 $ 41,000,000 36,000,000 56,000,000 63,000,000 6.1% 5 years 8 years 15.5 years 25 years 1 2 7.6 7.3 114.62 3 113.17 6.9 4 102.41 If the corporate tax rate is 21 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt 0.02 %
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