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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Coupon Rate Maturity 8.50% Bond
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Coupon Rate Maturity 8.50% Bond 1 2 3 4 6.70 8.20 8.70 Aftertax cost of debt Price Quote 105.5 94.9 104.3 106.2 % 5 years 8 years 15.5 years 25 years Face Value $ If the corporate tax rate is 25 percent, what is the aftertax cost of the company's debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. 25,000,000 45,000,000 50,000,000 65,000,000
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