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 $832.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding, answer the following questions. Problem 13.17 a1-a2(a1) * Your answer is incorrect. What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 0 decimal places, e.g. 15%.) Current YTM for the bonds 10.98 %

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 $832.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding. answer the following questions. Problem 13.17 a1-a2(a1) What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, eg. 1.2514 and final answer to 0 decimal ploces, eg. 15\%) Current YTM for the bonds