Question: 1. Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price
1.
| 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% | 106.0 | 5 years | $19,000,000 |
| 2 | 6.50 | 94.4 | 8 years | 39,000,000 |
| 3 | 8.20 | 104.8 | 15.5 years | 44,000,000 |
| 4 | 8.70 | 94.6 | 25 years | 59,000,000 |
| Required: |
| What is the market value of each of the company's bonds?(Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
| Bond | Market value |
| 1 | $ |
| 2 | $ |
| 3 | $ |
| 4 | $ |
| What is the market value weight of each of the company's bonds?(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?(Input your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Bond | YTM |
| 1 | % |
| 2 | % |
| 3 | % |
| 4 | % |
| If the corporate tax rate is 34 percent, what is the aftertax cost of the companys debt?(Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Aftertax cost of debt | % |
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