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Help! Everytime I tried to solve it I kept getting 9.901 but, thats not even an option?? Q: West Corp. issued 21-year bonds 2 years
Help! Everytime I tried to solve it I kept getting 9.901 but, thats not even an option??
Q: West Corp. issued 21-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 101 percent of par value, what is the YTM? Multiple Choice
A)10.76% B)11.74% C)9.78% D)8.80% E)4.89%
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