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 33 percent, what is the aftertax cost of Ying's debt?
Bond
Coupon Rate
Price Quote
Maturity
Face Value
1 6.5% 102 8 years $ 21,000,000
2 7.8 109 10 years 41,000,000
3 6.9 101 18 years 44,000,000
4 7.9 113 33 years 63,000,000
4.31%
4.27%
6.71%
4.49%
4.72%