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ngata corp. issued 13-year bonds 2 years ago at a coupon rate of 9.4 percent. the bonds make semiannual payments. if these bonds currently sell
ngata corp. issued 13-year bonds 2 years ago at a coupon rate of 9.4 percent. the bonds make semiannual payments. if these bonds currently sell for 98 percent of par value, what is the ytm?
a) 11.64%
b) 4.85%
c) 8.73%
d) 10.67%
e) 9.70%
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