You are analyzing the after-tax cost of debt for a firm. You know that the firms 12-year maturity, 10.50 percent semiannual coupon bonds are selling
You are analyzing the after-tax cost of debt for a firm. You know that the firms 12-year maturity, 10.50 percent semiannual coupon bonds are selling at a price of $824.12. These bonds are the only debt outstanding for the firm.
What is the current YTM of the bonds? (Round final answer to 2 decimal places, e.g. 15.25%.)
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Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
