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You are analyzing the after-tax cost of debt for a firm. You know that the...

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Finance

You are analyzing the after-tax cost of debt for a firm. You know that the firms 12-year maturity, 17.00 percent semiannual coupon bonds are selling at a price of $1,482.95. These bonds are the only debt outstanding for the firm. What is the current YTM of the bonds?= in %? (Round final answer to 2 decimal places, e.g. 15.25%.)

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