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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. If the corporate tax rate is 30 percent, what is the aftertax cost of Ying's debt? (Do not round your intermediate calculations.)
Bond |
Coupon Rate |
Price Quote |
Maturity |
YTM |
Face Value |
1 | 6.1%     | 102     | 8 years       | 5.78% | $ 23,000,000   |
2 | 7.1%        | 108     | 11 years       | 6.09% | $41,000,000   |
3 | 6%        | 100     | 26 years       | 6% | $47,000,000   |
4 | 7.1%        | 111     | 38 years       | 6.33% | $63,000,000   |
 |
4.28%
4.11%
4.07%
6.12%
Â
4.5%
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