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Stone Sour Corp. issued 20-year bonds five years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If these bonds currently
Stone Sour Corp. issued 20-year bonds five years ago at a coupon rate of 7 percent. The bonds make semiannual payments. If these bonds currently sell for 125 percent of par value, what is the annual YTM? (Hint: annual YTM=2* six-month YTM. The bond face value is $1,000.) 6.62% 4.99% 4.66% 7%
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