Tax rate: 34%

What is the current YTM of the bonds and after-tax cost of debt for this firm if the bonds are selling at par? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answers to 2 decimal places, e.g. 15.25%.)

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 $1,222.96. These bonds are the only debt outstanding for the firm