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maturity 6-10 6-18 TI rates change than does the shorter-term bond (one-year)? it is now January 1, 2005, and you are considering the purchase of

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maturity 6-10 6-18 TI rates change than does the shorter-term bond (one-year)? it is now January 1, 2005, and you are considering the purchase of outstanding Puckett Corporation bond that was issued on January 1.9016 The Puckett bond has a 9.5 percent annual coupon and a 30 vear original maturity (it matures on December 31, 2037). Interest rates have decided since the bond was issued, and the bond is now selling at 116.575 percento the par vahe, or $1,165.75. What is the yield to maturity in 2008 for the Puckett bond? (Interest is paid annually)

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