You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 8.6 percent coupon bonds are selling at a price of $1,016.29. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm, answer the following questions. x Your answer is incorrect. What is the current YTM of the bonds? (Round final answer to 2 decimal places, e.g. 15.25%.) Current YTM for the bonds 8.6 % X Your answer is incorrect. What is the after-tax cost of debt for this firm if it has a 30 percent marginal and average tax rate? (Round final answer to 2 decimal places, e.g. 15.25%.) After-tax cost of debt 8.40 % Save for Later Attempts: 1 of 3 used Submit