You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 7.0 percent coupon bonds are selling at a price of $839.00. 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, e.g. 1.2514 and final answer to O decimal places, e.g. 15%.) Current YTM for the bonds %

You are analyzing the cost of debt for a firm. You know that the firm's 14 -vear maturity, 7.0 percent coupon bonds are selling at a price of $839.00. The bonds pay interest semiannally. 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 intermediote calculations to 4 decimal places. es.1.2514 and final answer to 0 decimal places, es. 15X) Current YTM for the bonds \%