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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 Maturity 1 2 3
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Maturity 1 2 3 4 Coupon Rate 8.80% 7.00 8.50 9.00 Price Quote 106.8 93.6 105.6 95.4 4 years 7 years 14.5 years 24 years Face Value $ 27,000,000 31,000,000 36,000,000 51,000,000 What is the market value of each of the company's bonds? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Round your answers to the nearest whole number, e.g., 32.) Bond Market value 1 2 3 4 What is the market value weight of each of the company's bonds? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) Bond Weight 1 2 3 4 What is the YTM of each of the company's bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Bond YTM 1 % 2 % % 3 4 % If the corporate tax rate is 40 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Aftertax cost of debt %
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