Question
Crossfade Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. Required: If these bonds currently
| Crossfade Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. |
| Required: |
| If these bonds currently sell for 105 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Yield to maturity | % |
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Corporate And Project Finance Modeling Theory And Practice
Authors: Edward Bodmer
1st Edition
1118854365, 9781118854365
