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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, 9.00 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, 9.00 percent semiannual coupon bonds are selling at a price of $868. 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 Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
