12 Ying Import has several bond issues outstanding, each making semiannual Interest payments. The bonds...
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12 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 34 percent, what is the aftertax cost of Ying's debt? Bond W 1 2 3 Coupon Rate 6.1% 71 5.9 6.6 Price Quote Maturity Face Value 106 7 years $ 21,000,000 111 9 years 43,000,000 105 24 years 45,000,000 120 59,000,000 4 38 years Multiple Choice 3.43% 3.39% 3.579 3.75% 5,419
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