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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote Maturity Face Value 1 8.50% 106.5 5 years $ 24,000,000 2 7.00 93.9 8 years 34,000,000 3 8.20 105.3 15.5 years 39,000,000 4 8.70 95.1 25 years 54,000,000 If the corporate tax rate is 25 percent, what is the aftertax cost of the companys debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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