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Warm-Up 9-1 (similar to) Assigned Media Question Help A firm raises capital by selling $25,000 worth of debt with flotation costs equal to 3% of

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Warm-Up 9-1 (similar to) Assigned Media Question Help A firm raises capital by selling $25,000 worth of debt with flotation costs equal to 3% of its par value. If the debt matures in 10 years and has an annual coupon interest rate of 8%, what is the bond's YTM? The bond's YTM is %. (Round to two decimal places.)

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