Ying Import has several bond issuesoutstanding, each making semiannual interest payments. The bonds are listedin the table below. If the corporate tax rate is 24 percent, what is the aftertaxcost of the company's debt?Bond Coupon Rate Price Quote Maturity Face Value1 6.5% 109.0 5 years $30,000,0002 5.3 97.4 8 years 50,000,0003 6.9 110.5 15 years 65,000,0004 7.3 109.8 25 years 85,000,000

Ross, Stephen. Essentials of Corporate Finance (p. 420). McGraw-Hill Higher Education. Kindle Edition.