need the YTM

Question 11, Warm-Up 9... Points: 0 of 1 ti that is Help me solve this All parts showing A firm raises capital by selling $20,000 worth of debt with flotation costs equal to 2% of its par value. If the debt matures in 15 years and has an annual coupon interest rate of 10%, what is the bond's YTM? calculating the YTM generated by the bond cash flows. From the issuer's point of view, this value is the cost to maturity of the cash flows associated with the debt. The yield to maturity can be calculated by using a financial calculator or an electronic spreadsheet. When solving for the YTM using a financial calculator, you will need to input the number of years to maturity for N, the bond's par value for FV, the periodic coupon payment for PMT, and the net proceeds from sale of the bond for PV, and then compute to find the YTM. Remember to set PIY and Cly to the number of payments per year for different compounding methods and enter a negative number for PV. The number of years the bond has to maturity, N, is 15 years. (Type a whole number.) The present value is the net inflow to the firm after flotation costs. For a firm that issues debt with a coupon rate equal to the expected return on similar-risk bonds, the present value, PV, can be found using the following: PV=Par value - Flotation cost percentage x Par value. The present value, PV, of the bond is $ 19600 (Round to the nearest dollar.) For a bond with annual compounding, the annual interest payment is equal to the annual coupon rate multiplied by the bond's par value. The annual end-of-year interest payment, PMT, for the bond is $ 2000. (Round to the nearest dollar.) The par value of the bond, FV, is $ 20000. (Round to the nearest dollar.) The bond's YTM is the discount rate, I, that equates the present value of the outfiows to the initial inflow. The bond's YTM is %. (Round to two decimal piaces.) Print Clear all Check answer Get more help Question 11, Warm-Up 9... Points: 0 of 1 ti that is Help me solve this All parts showing A firm raises capital by selling $20,000 worth of debt with flotation costs equal to 2% of its par value. If the debt matures in 15 years and has an annual coupon interest rate of 10%, what is the bond's YTM? calculating the YTM generated by the bond cash flows. From the issuer's point of view, this value is the cost to maturity of the cash flows associated with the debt. The yield to maturity can be calculated by using a financial calculator or an electronic spreadsheet. When solving for the YTM using a financial calculator, you will need to input the number of years to maturity for N, the bond's par value for FV, the periodic coupon payment for PMT, and the net proceeds from sale of the bond for PV, and then compute to find the YTM. Remember to set PIY and Cly to the number of payments per year for different compounding methods and enter a negative number for PV. The number of years the bond has to maturity, N, is 15 years. (Type a whole number.) The present value is the net inflow to the firm after flotation costs. For a firm that issues debt with a coupon rate equal to the expected return on similar-risk bonds, the present value, PV, can be found using the following: PV=Par value - Flotation cost percentage x Par value. The present value, PV, of the bond is $ 19600 (Round to the nearest dollar.) For a bond with annual compounding, the annual interest payment is equal to the annual coupon rate multiplied by the bond's par value. The annual end-of-year interest payment, PMT, for the bond is $ 2000. (Round to the nearest dollar.) The par value of the bond, FV, is $ 20000. (Round to the nearest dollar.) The bond's YTM is the discount rate, I, that equates the present value of the outfiows to the initial inflow. The bond's YTM is %. (Round to two decimal piaces.) Print Clear all Check answer Get more help