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
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?
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
