Question: Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below.
Bond Coupon Rate Price Quote Maturity Face Value
18.80%106.34 years $ 22,000,000
26.8094.17 years 36,000,000
38.50105.114.5 years 41,000,000
49.0094.924 years 56,000,000
If the corporate tax rate is 23 percent, what is the aftertax cost of the companys debt?

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