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

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Finance

Ying Import hasseveral bond issues outstanding, each making semiannual interestpayments. The bonds are listed in the table below.

BondCoupon RatePriceQuoteMaturityFace Value
18.60%106.16years$20,000,000
26.6094.39years38,000,000
38.30104.916.5years43,000,000
48.8094.726years58,000,000


If the corporate tax rate is 30 percent, what is the aftertax costof the company’s debt? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)
  
Aftertax cost of debt ?

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