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You are analyzing the cost of debt for a firm. You know that the firm's 14 -year maturity, 7,40 percent coupon bonds are selling at

You are analyzing the cost of debt for a firm. You know that the firm's 14 -year maturity, 7,40 percent coupon bonds are selling at a price of $848.00. The bonds pay interest semiannually. If these bonds are the only debt outstanding. answer the following questions. Problem 13.17a1a2(a1) What is the current YTM of the bonds? (Round intermediate calculations to 4 decimol places, eg. 1.2514 and final answer to 0 decimal places, eg. 15\%J Current YTM for the bonds %

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