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Problem 7-7 Bond Yields [LO2] West Corp. issued 10-year bonds two years ago at a coupon rate of 81 percent. The bonds make semiannual payments.
Problem 7-7 Bond Yields [LO2] West Corp. issued 10-year bonds two years ago at a coupon rate of 81 percent. The bonds make semiannual payments. If these bonds currently sell for 102 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.)
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