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

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Accounting

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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. If the corporate tax rate is 34 percent, what is the aftertax cost of Ying's debt? Bond 1 2. 3 4 Coupon Rate 6.1% 71 5.8 6.6 Price Quote Maturity Face Value 109 6 years $ 25,000,000 117 10 years 44,000,000 111 24 years 42,000,000 121 35 years 62,000,000 Multiple Choice 3.3% 3.14% 5%

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