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SCUIU! U OF 1 pt 1 of 13 (2 complete) HW Score: 26.67%, 4 of Warm-Up 9-1 (similar to) Question Helg A firm raises capital

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SCUIU! U OF 1 pt 1 of 13 (2 complete) HW Score: 26.67%, 4 of Warm-Up 9-1 (similar to) Question Helg A firm raises capital by selling $18,000 worth of debt with flotation costs equal to 3% of its par value. If the debt matures in 5 years and has an annual coupon Interest rate of 6%, what is the band's YTM? The bond's YTM is %. (Round to two decimal places.)

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