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FinanceQ&A LibraryYing 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 Coupon Rate Price Quote Maturity Face Value 1 6.4% 100 3 years $ 18,000,000 2 7.4 107 6 years 39,000,000 3 6.7 97 19 years 46,000,000 4 7.8 107 31 years 64,000,000Question

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 |
Coupon Rate |
Price Quote |
Maturity |
Face Value |

1 | 6.4% | 100 | 3 years | $ 18,000,000 |

2 | 7.4 | 107 | 6 years | 39,000,000 |

3 | 6.7 | 97 | 19 years | 46,000,000 |

4 | 7.8 | 107 | 31 years | 64,000,000 |

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