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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
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 $1,223. 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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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
