Question: 4.62% is wrong ... Cote Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond

4.62% is wrong ... Cote Import has several bond issues outstanding, each 4.62% is wrong ...

Cote Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond 1 Coupon Rate 7.00 % 8.50 Price Quote 103.38 110.70 2 Maturity 5 years 8 years 15.5 years 25 years Face Value $ 45,000,000 40,000,000 50,000,000 65,000,000 3 8.20 110.05 102.95 4. 7.80 If the corporate tax rate is 34%, what is the after-tax cost of the company's debt? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Cost of debt 4.62%

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