What is the current ytm of the bonds of the firm

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Question 1: 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 $650.13. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm. What is the current YTM of the bonds? (Round final answer to 2 decimal places, e.g. 15.25%.)

Reference no: EM132930186

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