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

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Finance

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

Coupon Rate

Price Quote

Maturity

Face Value
1 6.4% 108 7 years $ 24,000,000
2 7.3 115 12 years 35,000,000
3 6.1 110 23 years 41,000,000
4 6.7 125 34 years 56,000,000

Please highlight the answer!

Multiple Choice

  • 3.65%

  • 3.48%

  • 3.3%

  • 5.27%

  • 3.34%

Answer & Explanation Solved by verified expert
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