Question
Braemar Corp. issued 30-year bonds two years ago at a coupon rate of 7.1% with a par value amount of $1,000. The bonds make semiannual
Braemar Corp. issued 30-year bonds two years ago at a coupon rate of 7.1% with a par value amount of $1,000. The bonds make semiannual payments. If these bonds currently sell for 105% of par value, What is the YTM? (Round the final answer to 3 decimal places.)
YTM %
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
0471621781, 978-0471621782
