Question
Crossfade Co. issued 17-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. Required: If these bonds currently
Crossfade Co. issued 17-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments.
Required:
If these bonds currently sell for 110 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
