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Warm-Up 9-1 (similar to) Assigned Media Afirm raises capital by selling $20,000 worth of debt with flotation costs equal to 1% of its par value.
Warm-Up 9-1 (similar to) Assigned Media Afirm raises capital by selling $20,000 worth of debt with flotation costs equal to 1% of its par value. If the debt matures in 5 years and has an annual coupon interest rate of 10%, what is the bond's YTM? The bond's YTM is % (Round to two decimal places.)
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