Question
Stone Sour Corp. issued 20-year bonds 8 years ago at a coupon rate of 8.10 percent. The bonds make semiannual payments. If these bonds currently
| Stone Sour Corp. issued 20-year bonds 8 years ago at a coupon rate of 8.10 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16)) |
| YTM | % |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
