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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 Coupon Rate Price Quote
| Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. |
| Bond | Coupon Rate | Price Quote | Maturity | Face Value | |||||||||||
| 1 | 6.8 | % | 106.66 | 5 | years | $ | 48,000,000 | ||||||||
| 2 | 8.3 | 115.32 | 8 | years | 43,000,000 | ||||||||||
| 3 | 8.0 | 113.87 | 15.5 | years | 63,000,000 | ||||||||||
| 4 | 7.6 | 103.11 | 25 | years | 58,000,000 | ||||||||||
| If the corporate tax rate is 30 percent, what is the aftertax cost of Ying |
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