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 8.90% 106.9 3 years $ 28,000,000
2 7.10 93.5 6 years 30,000,000
3 8.60 105.7 13.5 years 35,000,000
4 9.10 95.5 23 years 50,000,000

If the corporate tax rate is 24 percent, what is the aftertax cost of the companys debt?

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