Question
Watters Umbrella Corp. issued 12-year bonds two years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If these bonds currently
Watters Umbrella Corp. issued 12-year bonds two years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments.
If these bonds currently sell for 115.4 percent of par value, what is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
YTM %
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
1st Extended Canadian Edition
1118878418, 9781118878415
