Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? rev: 09_18_2012 12.10% 5.50% 9.90% 13.20% 11.00%

Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? 12.10% O 5.50% O 9.90% 13.20% 11.00%