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

Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.

Bond Coupon Rate Price Quote Maturity Face Value
1 6.7 % 106.66 5 years $ 47,000,000
2 8.2 115.22 8 years 42,000,000
3 7.9 113.77 15.5 years 62,000,000
4 7.5 103.01 25 years 69,000,000

If the corporate tax rate is 22 percent, what is the aftertax cost of the companys debt?

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