Question
C Inc., issued 15 Year bonds 2 years ago at a coupon rate of 6.40% percent. The bonds make semi- annual payments. If these bonds
C Inc., issued 15 Year bonds 2 years ago at a coupon rate of 6.40% percent. The bonds make semi- annual payments. If these bonds currently sell for 106 percent of par value, what is the YTM?
Settlement date1/1/2000
Maturity date 1/1/2013
Annual coupon rate =6.40%
Coupons per year =2
Face value (% of par) =100
Bond price (% of par) =106
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
