Problem $14-22$ Calculating the Cost of Debt $[$LO$2]$

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.

$\backslash$table$[[$Bond$,\backslash$table$[[$Coupon$],[$Rate$]],$Price Quote,Maturity,Face Value$],[1,6\mathrm{.}2\%,106\mathrm{.}16,6$ years,$42\mathrm{.}000\mathrm{.}000],[2,7\mathrm{.}7,114\mathrm{.}72,9$ years,$37,000,000$