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University
Teaching Since: | Apr 2017 |
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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
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 | Â Â Face Value | Â | |||||||
1 | Â | Â | 5.6 | % | Â | Â | 105.46 | Â | Â | 5 | years | Â | $ | 36,000,000 | Â |
2 | Â | Â | 7.1 | Â | Â | Â | 114.12 | Â | Â | 8 | years | Â | Â | 31,000,000 | Â |
3 | Â | Â | 6.8 | Â | Â | Â | 112.67 | Â | Â | 15.5 | years | Â | Â | 51,000,000 | Â |
4 | Â | Â | 6.4 | Â | Â | Â | 101.91 | Â | Â | 25 | years | Â | Â | 46,000,000 | Â |
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If the corporate tax rate is 30 percent, what is the aftertax cost of YingAc€?cs debt? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
  Cost of debt | % |
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