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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 32 percent, what is the aftertax cost of Ying's debt? Bond Coupon Rate Price Quote Maturity 05 Face Value $ 16,000,000 1 6.4% 109 5 years 115 2. 3 4 7 5.5 7 109 122 8 years 16.5 years 28.5 years 40,000,000 43,000,000 57,000,000 4979 5 13.38% 4351 3.21% 3.25% 3.55%

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