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Cavu Air Inc., issued 15 Year bonds 2 years ago at a coupon rate of 7.50% percent. The bonds make semi annual payments. If these
Cavu Air Inc., issued 15 Year bonds 2 years ago at a coupon rate of 7.50% percent. The bonds make semi annual payments. If these bonds currently sell for 101 percent of par value, what is the YTM? Settlement date 1/1/2000 Maturity date1/1/2013 Annual coupon rate | 7.50% Coupons per year Face value (% of par) Bond price (% of par) | | 2 100 101 7.55% 7.50% 7.43% 7.38%
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