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 table below. Bond Coupon Rate Price Quote Maturity Face Value 1 8.50 % 105.5 5 years $ 25,000,000 2 6.70 94.9 8 years 45,000,000 3 8.20 104.3 15.5 years 50,000,000 4 8.70 106.2 25 years 65,000,000 If the corporate tax rate is 34 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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Financial Management: Ying import has several bond issues outstanding each making
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