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% | 106.1 | 6 years | $20,000,000 |
| 2 | 6.60 | 94.3 | 9 years | 38,000,000 |
| 3 | 8.30 | 104.9 | 16.5 years | 43,000,000 |
| 4 | 8.80 | 94.7 | 26 years | 58,000,000 |
| Required: |
| What is the market value of each of the company's bonds? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
| Bond | Market value |
| 1 | $ |
| 2 | $ |
| 3 | $ |
| 4 | $ |
| What is the market value weight of each of the company's bonds? (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? (Input your answers as a percentage 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. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Aftertax cost of debt | % |
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