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1. )Stein Co. issued 14-year bonds two years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently
1. )Stein Co. issued 14-year bonds two years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM?
2.) Volbeat Corporation has bonds on the market with 16.5 years to maturity, a YTM of 10.6 percent, a par value of $1,000, and a current price of $942. The bonds make semiannual payments. What must the coupon rate be on the bonds?
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