Question
Oak Bay Software has 10.6% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.2%
Oak Bay Software has 10.6% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.2% of par.
What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
YTM %
What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Effective annual yield %
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
