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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 33 percent, what is the aftertax cost of Ying's debt?

Bond Coupon Rate Price Quote Maturity Face Value
1 5.8% 100 5 years $ 23,000,000
2 7.1 109 8 years 39,000,000
3 5.7 101 18 years 42,000,000
4 6.3 116 31 years 64,000,000

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