22 10 points Ying Import has several bond issues outstanding, each making semiannual interest payments....
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22 10 points 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% 105.4 3 years $24,000,000 2 6.60 95.0 6 years 44,000,000 8.60 104.2 13.5 years 49,000,000 4 9.10 106.1 23 years 64,000,000 WN eBook Print If the corporate tax rate is 24 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Reference Aftertax cost of debt 5.18%
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