Question: Question 4: Ying Import has several bond issues outstanding, each making semi-annual interest payments. The bonds are listed in the following table. Bond Price Quote

Question 4: Ying Import has several bond issues outstanding, each making semi-annual interest payments. The bonds are listed in the following table. Bond Price Quote Maturity Face Value 1 2. Coupon Rate 6.1 % 7.6 7.3 6.9 106.06 114.62 113.17 102.41 3 4 5 years 8 years 15.5 years 25 years $ 41,000,000 36,000,000 56,000,000 63,000,000 If the corporate tax rate is 21 percent, what is the after-tax cost of the company's debt? (6 Marks)
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