Question
Stone Sour Corp. issued 20-year bonds 2 years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently
Stone Sour Corp. issued 20-year bonds 2 years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
Settlement Date 1/1/2000
Maturity Date 1/1/2018
Annual Coupon Rate 7.10%
Coupon per year 2
Face Value (% of par) 100
Bond Price (% of par) 105
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
