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A firm issues two -year bonds with a coupon rate of 6.7%, paid semiannually. The credit spread for this firms two -year debt is 0.8%.
A firm issues two -year bonds with a coupon rate of 6.7%, paid semiannually. The credit spread for this firms two -year debt is 0.8%. New two -year Treasury notes are being issued at par with a coupon rate of 3.1%. What should the price of the firms outstanding two -year bonds be per $100 of face value?
Please Show Work. I mainly just want to know how to find the YTM percentage so I can type it into my financial calculator
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