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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table.
Bond | Â | Coupon Rate | Â | Price Quote | Maturity | Â | Face Value | Â | |||||||
1 | Â | Â | 6.1 | % | Â | Â | 105.96 | Â | Â | 5 | years | Â | $ | 41,000,000 | Â |
2 | Â | Â | 7.6 | Â | Â | Â | 114.62 | Â | Â | 8 | years | Â | Â | 36,000,000 | Â |
3 | Â | Â | 7.3 | Â | Â | Â | 113.17 | Â | Â | 15.5 | years | Â | Â | 56,000,000 | Â |
4 | Â | Â | 6.9 | Â | Â | Â | 102.41 | Â | Â | 25 | years | Â | Â | 51,000,000 | Â |
 |
If the corporate tax rate is 35 percent, what is the aftertax cost of the companyAc€?cs debt? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Cost of debt | % |
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