Question
Hello, Parkway Void Co. issued 13-year bonds two years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bonds
Hello,
Parkway Void Co. issued 13-year bonds two years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments.
If these bonds currently sell for 95 percent of par value, what is the YTM?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
