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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 Price Quote Maturity
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Price Quote Maturity 6 years 9 years 16.5 years 26 years Face Value Rate 5.4% 7.0 6.9 6.2 105.16 113.92 112.47 $56,000,000 51,000,000 71,000,000 78,000,000 2 3 4 71 101.71 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.) Answer is complete but not entirely correct. Cost of debt 4.00 x%
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