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View Policies Current Attempt in Progress You are analyzing the cost of debt for a firm. You know that the firm's 1 4 - year

View Policies
Current Attempt in Progress
You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 8.6 percent coupon bonds are selling at a price
of $827.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding, answer the following questions.
Problem 13.17 a1-a2(a1)
What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g.1.2514 and final answer to 0 decimal
places, e.g.15%.)
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