You are analyzing the after-tax cost of debt for a firm. You know that the...
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You are analyzing the after-tax cost of debt for a firm. You know that the firm's 12 year maturity, 10.00 percent semiannual coupon bonds are selling at at price of 846.68. These bonds are the only debt outstanding for the firm. What is the current YTM of the bonds and after tax cost of debt for this firm if the bonds are selling at par?
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