Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent. The
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Question:
Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments.
If these bonds currently sell for 99 percent of par value, what is the YTM?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What is the yield to maturity?
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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