Ying import has several bond issues outstanding each making


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 35 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 5.5% 103 5 years $ 16,000,000 2 6.1 111 9 years 39,000,000 3 5.4 105 17 years 47,000,000 4 6 117 32 years 57,000,000 rev: 09_20_2012 3.15% 3.31% 2.99% 4.85% 3.03%

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Financial Management: Ying import has several bond issues outstanding each making
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