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 8.70% 105.2 7 years $22,000,000
2 7.00 95.2 10 years 42,000,000
3 8.40 104.0 17.5 years 47,000,000
4 8.90 105.9 27 years 62,000,000
What is the market value of each of the company's bonds? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
Bond Market value
1
2
3
4
What is the market value weight of each of the company's bonds? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.)
Bond Weight
1
2
3
4
What is the YTM of each of the company's bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Bond YTM
1 %
2 %
3 %
4 %
If the corporate tax rate is 22 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 %
