| 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 | 8.60% | 106.1 | 6 years | $20,000,000 |
| 2 | 6.60 | 94.3 | 9 years | 38,000,000 |
| 3 | 8.30 | 104.9 | 16.5 years | 43,000,000 |
| 4 | 8.80 | 94.7 | 26 years | 58,000,000 |
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| Required: |
| If the corporate tax rate is 30 percent, what is the aftertax cost of the company’s debt? |
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