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

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Finance

Ying Import has several bond issues outstanding, each makingsemiannual interest payments. The bonds are listed in the followingtable.
Bond Coupon Rate Price Quote Maturity Â Â Face Value
1 5.5 % 105.26 5 years $ 55,000,000
2 7.1 114.02 8 years 50,000,000
3 7.0 112.57 15.5 years 70,000,000
4 6.3 101.81 25 years 77,000,000
If the corporate tax rate is 25 percent, what is the aftertaxcost of the companyâ€™s debt? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)
Cost of debt %

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Number of bonds FVpar value Bond 155000000100055000 Bond 250000000100050000 Bond 370000000100070000 Bond 477000000100077000 Bond 1 K Nx2 Bond Price Coupon1 YTM2k Par value1 YTM2Nx2 k1 K 5x2 10526 5510002001 YTM200k 10001 YTM2005x2 k1 YTM 432 Bond 2 K Nx2 Bond Price Coupon1 YTM2k Par value1 See Answer

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Bond	Coupon Rate		Price Quote	Maturity	Â Â Face Value
1		5.5	%		105.26	5	years	$	55,000,000
2		7.1			114.02	8	years		50,000,000
3		7.0			112.57	15.5	years		70,000,000
4		6.3			101.81	25	years		77,000,000