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Answer is not 5.05 Ngata Corp. issued 13-year bonds 2 years ago at a coupon rate of 10.4 percent. The bonds make semiannual payments. If

Answer is not 5.05

Ngata Corp. issued 13-year bonds 2 years ago at a coupon rate of 10.4 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM? 10.09% O 11.10% 505% 909% o 12.11%

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