Question
Soprano's Spaghetti Factory issued 15-year bonds two years ago at a coupon rate of 7.00 percent. If these bonds currently sell for 95.0 percent of
Soprano's Spaghetti Factory issued 15-year bonds two years ago at a coupon rate of 7.00 percent. If these bonds currently sell for 95.0 percent of par value, what is the YTM?(Round your answer to 2 decimal places. Omit the "%" sign in your response.)
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
