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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, 12.50 percent semiannual coupon bonds are selling

You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12-year maturity, 12.50 percent semiannual coupon bonds are selling at a price of $1,212.11. These bonds are the only debt outstanding for the firm. What is the current YTM of the bonds andafter-tax cost of debt for this firmif the bonds are selling at par?

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