Ying Import has several bond issues outstanding, each making
semiannual interest payments. The bonds are listed in the table
|Bond||Coupon Rate||Price Quote||Maturity||Face Value|
If the corporate tax rate is 38 percent, what is the aftertax cost of the company’s debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Aftertax cost of debt
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