What is the current ytm of the bonds


Problem:

You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 10.55 percent coupon bonds are selling at a price of $812.33. The bonds pay interest semiannually. These bonds are the only debt outstanding for the firm.

Required:

Question: What is the current YTM of the bonds?

Note: Explain in detail and show all computations in proper way.

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Accounting Basics: What is the current ytm of the bonds
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