Example 5: BrainDrain Software has 12 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 110 percent of par. What is the current yield on BrainDrain's boods? The YTM? Example 61 A large chemical manufacturer his experienced a market re-evaluation lately due to the large number of lawsuits related to toxic waste. The firm has a bond issue outstanding. The S1000 par value issue has 15 years to maturity and a coupon of 8% with interest paid semi-annually. The required return on the bond has risen from 10% to 10%. What is the dollar loss to the bond holders? What is the percentage loss? age 14