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You are analyzing the cost of debt for a firm. You know that the firm's 1 4 year maturity, 7 . 8 % coupon bonds

You are analyzing the cost of debt for a firm. You know that the firm's 14 year maturity, 7.8% coupon bonds are selling at a price of $830.00. The bonds pay interest semialnnually. If these bonds are the only debt outstanding for the firm, answer the following questions.
Current YTM for the bonds?

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