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

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 6.1% 105.96 5 years $41,000,000
2 7.6 114.62 8 years 36,000,000
3 7.3 113.17 15.5 years 56,000,000
4 6.9 102.41 25 years 51,000,000

If the corporate tax rate is 35 percent, what is the aftertax cost of the company’s debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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ekkarill92 answered 1 year ago
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