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Daly Inc, issued 17 year bonds, two years ago at a coupon rate of 10.8%. The bonds have a par value of 1000 and make
Daly Inc, issued 17 year bonds, two years ago at a coupon rate of 10.8%. The bonds have a par value of 1000 and make semi annual payments, if these bonds currently sell for 97% of par value what is the YTM?
Doly ine ksued 17 year bonds 2 years ago at a coupon rate of 10.8 percent. The bonds have a par value of 51000 and make semiannual payments. If these bonds. currently sell for 97 percent of par value, what is the YTM? (Do not round intermediale calculations and round your answer to 2 decirnat places, e.g. 12.34 .00 not ingut a peciotat ugon in your answer.) Step by Step Solution
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