Question: the correct answer is 15.3 You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 8.60 percent coupon

the correct answer is 15.3

You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 8.60 percent coupon bonds are selling at a price of $840.00. 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 ploces, eg. 1.2514 and final answer to O decimal ploces, e.8. 15\%) Current YTM for the bonds %

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