A firm raises capital by selling 20000 worth of debt with, Ask an Expert

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A firm raises capital by selling $20,000 worth of debt with flotation costs equal to 3?% of its par value. If the debt matures in 15 years and has an annual coupon interest rate of 9?%, what is the? bond's YTM?

The? bond's YTM is ?%. ?(Round to two decimal? places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92406130

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