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D Calculate the YTM Stone Sour Co. Issued 20 year bonds two years ago at a coupon rate of 7.1%. The bonds make semiannual payments.

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D Calculate the YTM Stone Sour Co. Issued 20 year bonds two years ago at a coupon rate of 7.1%. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? Settlement Date Maturity Date Annual Coupon Rate Coupons per Year Face Value of PaR) Bond Price% of Par) 2 3 5 16 Yield to Maturity 17 18 19 20 21 22 23 25 26 27 28 29 30 31

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