1. A firm raises capital by selling $10,000 worth of debt with flotation costs equal to...
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1. A firm raises capital by selling $10,000 worth of debt with flotation costs equal to 2% of its par value. If the debt matures in 15 years and has an annual coupon interest rate of 7%, what is the bond's YTM? %. (Round to two decimal places.) The bond's YTM is 1. A firm raises capital by selling $10,000 worth of debt with flotation costs equal to 2% of its par value. If the debt matures in 15 years and has an annual coupon interest rate of 7%, what is the bond's YTM? %. (Round to two decimal places.) The bond's YTM is
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