Question: value 10.00 points Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table Bond Coupon
value 10.00 points Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table Bond Coupon Rate Price Quote Maturity 5.1% 6.6 6.3 5.9 104.96 113.62 112.17 15.5 years 101.41 Face Value $31,000,000 26,000,000 46,000,000 41,000,000 5 years 8 years 25 years If the corporate tax rate is 35 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of debt References eBook& Resources Learning Objective: 14-02 How to determine a firms cost of debt Worksheet Difficulty: Intermediate Section: 14.3 The Costs of Debt and Preferred Stock Check my work
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