Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed...
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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1 2 3 4 Coupon Rate 8.50% 6.50 8.20 8.70 Price Quote 106.0 94.4 104.8. 94.6 $ Maturity 5 years Face Value 8 years 15.5 years 25 years 19,000,000 39,000,000 44,000,000 59,000,000 If the corporate tax rate is 25 percent, what is the aftertax cost of the company's debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1 2 3 4 Coupon Rate 8.50% 6.50 8.20 8.70 Price Quote 106.0 94.4 104.8. 94.6 $ Maturity 5 years Face Value 8 years 15.5 years 25 years 19,000,000 39,000,000 44,000,000 59,000,000 If the corporate tax rate is 25 percent, what is the aftertax cost of the company's debt? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
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