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Calculate the YTM. ANSWER MUST BE IN EXCEL FORMULA FORMAT A Stone Sour Corp. issued 20-year bonds two years ago at a coupon rate of

Calculate the YTM.

ANSWER MUST BE IN EXCEL FORMULA FORMAT

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A Stone Sour Corp. issued 20-year bonds two years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? 1/1/2000 1/1/2018 7.10% Settlement date Maturity date Annual coupon rate Coupons per year Face value (% of par) Bond price (% of par) 100 105 Complete the following analysis. Do not hard code values in your answers. Yield to maturity

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