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how do i get this answer on a ti-84? The answer is a decimal (percentage). Question 24 Referring to the above information, what is the

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how do i get this answer on a ti-84?
The answer is a decimal (percentage). Question 24 Referring to the above information, what is the cost of debt? Do not round intermediate steps. Round answer to four decima Answer: * (manual grade) Hide Feedback 0.063863644 N = 25 x 2 = 50 The bond is semiannual PMT = (8.2 x 1,000)/2 = 4,100 PV = -1,225 N =years to maturity x 2 FV = 1000 Compute current yield = PMT = (coupon rate x Par value)/2 PV = -current price (remember sign convention PV is negative because it is a cash outflow) FV = par value Note the cost of debt is also yield to maturity Compute i/y = period rate x 2 - YTM (YTM) The answer is a decimal (percentage). 7 pages c

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