Aftertax cost of the company debt

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Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are. Listed in the table below 

Bond 

Coupon Rate 

Price Quote 

Maturity 

Face Value 

1

6.5%

109.0

5 years 

$30,000,000

2

5.3%

97.4

8 years 

$50,000,000

3

6.9%

110.5

15.5 years

$65,000,000

4

7.3%

109.8

25 years

$85,000,000

If the corporate tax rate is 24%, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as  percent rounded to 2 decimal places)

Reference no: EM133060740

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