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answer gave last time was wrong Problem 1317...

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Finance

answer gave last time was wrong
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Problem 1317 a1-a2(a1) poctita 18:3] You are analyzing the cost of debt for a firm. You know that the firm's 14 -year maturity, 7.4 percent coupon bonds are selling at a price of $831.00. 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 places, eg. 1.2514 and final answer to 0 decimal places, es, 15\%) Current YTM for the bonds %

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