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Can someone please solve this using hand and not excel Stone Sour Corp. issued 26-year bonds 7 years ago at a coupon rate of 6.06
Can someone please solve this using hand and not excel
Stone Sour Corp. issued 26-year bonds 7 years ago at a coupon rate of 6.06 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM? (Enter your answer as a percentage, omit the "%"' sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.) ect! 6.4300Step by Step Solution
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