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Footsteps Co. has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The bond currently sells for $968.17, matures in 23
Footsteps Co. has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The bond currently sells for $968.17, matures in 23 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice 6.51% 5.91% 6.57% 5.48% 6.30% West Corp. issued 20-year bonds 2 years ago at a coupon rate of 9.7 percent. The bonds make semiannual payments. If these bonds currently sell for 106 percent of par value, what is the YTM? Multiple Choice 10.82% 8.12% 9.92% 902% 4.51%
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