Question: mework Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate 5.4%

mework Ying Import has several bond issues outstanding, each making semiannual

mework Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Bond Coupon Rate 5.4% 7.0 6.9 Price Quote Pric Maturity 105.16 6 years 113.92 9 years 112.47 16.5 years 101.71 26 years Face Value $56,000,000 51,000,000 71,000,000 78,000,000 Mt 6.2 If the corporate tax rate is 21 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.) Cost of debt

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