Question
Stone Sour Corp. issued 20-year bonds two 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 two 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%
Coupons per year 2
Face value (% of par) 100
Bond price (% of par) 105
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Shareholder Empowerment A New Era In Corporate Governance
Authors: Maria Goranova, Lori Verstegen Ryan
1st Edition
1137376449,1137373938
