Problem $11-12($Algo$)$ Real$-$world example and cost of debt $[$LO$11-3]$

The Coca$-$Cola Company is planning to Issue debt that will mature in $2093.$ In many respects, the issue is similar to the currently outstanding debt of the corporation. Use Table $11-3.$

a$.$ What is the yleld to maturity on similarly outstanding debt for the firm in terms of maturity. Note: Input your answer as a percent rounded to $2$ decimal places.

Yield

$\%$

b$.$ Assume that because the new debt will be issued at par, the required yleld to maturity will be $0\mathrm{.}12$ percent higher than the value determined in part $a.$ What is the new yleld to maturity?

Note: Do not round Intermedlate calculations. Input your answer as a percent rounded to $2$ decimal places.

$\backslash$table$[[$Yield$,,\%$