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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 Price Quote Face Value
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Price Quote Face Value 1 2 3 4 Coupon Rate 6.7% 8.2 7.9 7.5 106.56 115.22 113.77 103.01 Maturity 5 years 8 years 15.5 years 25 years $ 47,000,000 42,000,000 62.000.000 57.000.000 If the corporate tax rate is 35 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt %
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