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

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Finance

10,

Ying Import has several bond issues outstanding, each makingsemiannual interest payments. The bonds are listed in the followingtable. If the corporate tax rate is 33 percent, what is theaftertax cost of Ying's debt?

  

Bond

Coupon Rate

Price Quote

Maturity

Face Value

15.8%     107     7 years       $ 21,000,000   
26.8        116     10 years       43,000,000   
36        110     18.5 years       49,000,000   
46.8        123     31.5 years       62,000,000

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Transcribed Image Text

10,Ying Import has several bond issues outstanding, each makingsemiannual interest payments. The bonds are listed in the followingtable. If the corporate tax rate is 33 percent, what is theaftertax cost of Ying's debt?  BondCoupon RatePrice QuoteMaturityFace Value15.8%     107     7 years       $ 21,000,000   26.8        116     10 years       43,000,000   36        110     18.5 years       49,000,000   46.8        123     31.5 years       62,000,000

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