Question
Stone Sour Corp. issued 25-year bonds 7 years ago at a coupon rate of 7.80 percent. The bonds make semiannual payments. If these bonds currently
Stone Sour Corp. issued 25-year bonds 7 years ago at a coupon rate of 7.80 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
