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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, 9.50 percent semiannual coupon bonds are

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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, 9.50 percent semiannual coupon bonds are selling at a price of $1,247. Assuming that these bonds are the only debt outstanding for the firm. Problem 13.19 a1-a3(a1) - Your answer is incorrect. What is the current YTM of the bonds? (Round intermedlate colculations to 4 decimal places, eg. 1.2514 and final answer to 2 decimal. places, es, 15.25\%) YTM %

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