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You are analyzing the after - tax cost of debt for a firm. You know that the firm's 1 2 - year maturity, 1 6

You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12-year maturity, 16.00 percent semiannual coupon bonds are selling at a price of $1,460. Assuming that these bonds are the only debt outstanding for the firm.
Problem 13.19 a1-a3(a1)
What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g.1.2514 and final answer to 2 decimal places, e.g.15.25%.)
YTM
%
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