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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
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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. |
| Bond | Coupon Rate | Price Quote | Maturity | Face Value | |||||||||||
| 1 | 5.6 | % | 105.46 | 5 | years | $ | 36,000,000 | ||||||||
| 2 | 7.1 | 114.12 | 8 | years | 31,000,000 | ||||||||||
| 3 | 6.8 | 112.67 | 15.5 | years | 51,000,000 | ||||||||||
| 4 | 6.4 | 101.91 | 25 | years | 46,000,000 | ||||||||||
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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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