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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 Quote
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.
Bond
Coupon Rate
Price Quote
Maturity
Face Value
1
5.00
%
103.18
5
years
$
45,000,000
2
7.10
112.80
8
years
40,000,000
3
6.30
107.45
15
1/2 years
50,000,000
4
5.90
102.75
25
years
65,000,000
If the corporate tax rate is 22percent, what is the aftertax cost of the company'sdebt?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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