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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 35 percent, what is the aftertax cost of Ying's debt? Bond Coupon Rate Price Quote Maturity Face Value 1 5.9% $ 20,000,000 106 3 years 2 3 4 6.6 6 6.6 116 110 122 7 years 20 years 31 years 36,000,000 42,000,000 61,000,000

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