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 | |||
| 1 | 8.60 | % | 106.6 | 6 | years | $ | 25,000,000 |
| 2 | 6.80 | 93.8 | 9 | years | 33,000,000 | ||
| 3 | 8.30 | 105.4 | 16.5 | years | 38,000,000 | ||
| 4 | 8.80 | 95.2 | 26 | years | 53,000,000 | ||
What is the market value of each of the company's bonds? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567. Round your answers to the nearest whole number, e.g., 32.)
| Bond | Market value |
| 1 | $ |
| 2 | $ |
| 3 | $ |
| 4 | $ |
What is the market value weight of each of the company's bonds? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)
| Bond | Weight |
| 1 | |
| 2 | |
| 3 | |
| 4 | |
What is the YTM of each of the company's bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
| Bond | YTM |
| 1 | % |
| 2 | % |
| 3 | % |
| 4 | % |
If the corporate tax rate is 30 percent, what is the aftertax cost of the companys debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Aftertax cost of debt %
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