Question: Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1 2 3

Ying Import has several bond issues outstanding, each making semiannual interest payments.

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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