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Please explain how to do it in excel. thanks A firm raises capital by selling $15,000 worth of debt with flotation costs equal to 2%

image text in transcribedPlease explain how to do it in excel. thanks

A firm raises capital by selling $15,000 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 9%, what is the bond's YTM? The bond's YTM is %. (Round to two decimal places.)

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