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YING IMPORT HAS SEVERAL BOND ISSUES OUTSTANDING, EACH MAKING SEMIANNUAL INTEREST PAYMENTS. THE BONDS ARE LISTED IN THE TABLE BELOW. BONDCOUPON…

YING IMPORT HAS SEVERAL BOND ISSUES OUTSTANDING, EACH MAKING SEMIANNUAL INTEREST PAYMENTS. THE BONDS ARE LISTED IN THE TABLE BELOW. BONDCOUPON….

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:
If the corporate tax rate is 30 percent, what is the aftertax cost of the company’s debt?

YING IMPORT HAS SEVERAL BOND ISSUES OUTSTANDING, EACH MAKING SEMIANNUAL INTEREST PAYMENTS. THE BONDS ARE LISTED IN THE TABLE BELOW. BONDCOUPON…

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