KING7895 KING7895
  • 06-06-2023
  • Business
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A firm raises capital by selling $18,000 worth of debt with flotation costs equal to 1​% of its par value. If the debt matures in 10 years and has an annual coupon interest rate of 12​%, what is the​ bond's YTM?

The bonds YTM is ___%

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