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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 33 percent, what is the aftertax cost of Ying's debt? Bond Coupon Rate Price Quote Maturity Face Value 1 5.6% 108 7 years $20,000,000 2 6.2 117 10 years 38,000,000 3 5.6 111 22 years 47,000,000 4 6.4 122 35 years 56,000,000 Multiple Choice 4.66% 2.97% 3.12% 3% 3.28% O C O O

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