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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 percent coupon

You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.8 percent coupon bonds are selling at a price of $834,00. The bonds pay interest semiannually, If these bonds are the only debt outstanding. answer the following questions. Problem 13.17a1-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\%(1) What is the current YTM of the bonds? What is the after-tax cost of debt for this firm if it is subject to 30 precent marginal and average tax rates

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