A firm raises capital by selling 20000 worth of debt with
A firm raises capital by selling $20,000 worth of debt with flotation costs equal to 2% of its par value. If the debt matures in 10 years and has a coupon interest rate of 8%, what is the bond's YTM?
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a firm raises capital by selling 20000 worth of debt with flotation costs equal to 2 of its par value if the debt
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