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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

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 30 percent, what is the aftertax cost of Ying's debt? (Do not round your intermediate calculations.)

Bond Coupon Rate Price Quote Maturity Face Value
1 6.5% 106 6 yrs $23,000,000
2 7.7 112 10 44,000,000
3 6.6 103 23 43,000,000
4 7.4 114 34 55,000,000

6.15%

4.09%

4.13%

4.52%

4.31%

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