Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below.BondCoupon RatePrice QuoteMaturityFace Value18.60%106.16 years$20,000,00026.6094.39 years38,000,00038.30104.916.5 years43,000,00048.8094.726 years58,000,000Required:If the corporate tax rate is 30 percent, what is the aftertax cost of the company’s debt?
