Question 6 of 15 View Policies Current Attempt in Progress You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12-year maturity, 11.50 percent semiannual coupon bonds are selling at a price of $1,223. Assuming that these bonds are the only debt outstanding for the firm. Problem 13.19 a1-a3(a1) What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.) YTM eTextbook and Media eTextbook Save for Later -/1 = : % Assistance Used Attempts: 0 of 3 used Submit Answer

You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12 -year maturity, 11.50 percent semiannual coupon bonds are selling at a price of $1,223. Assuming that these bonds are the only debt outstanding for the firm. Problem 13.19 a1-a3(a1) What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, es. 1.2514 and final answer to 2 decimal places, es 15.25\%)