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Stein Co. issued 15-year bonds two years ago at a coupon rate of 8.9 percent. The bonds make semiannual payments. If these bonds currently sell

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Stein Co. issued 15-year bonds two years ago at a coupon rate of 8.9 percent. The bonds make semiannual payments. If these bonds currently sell for 113 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a Yield to maturity 3.71 0% eBook & Resources eBook: 6.1 Bonds and Bond Valuation

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