Question
Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If these bonds currently
| Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 6.6 percent. The bonds make semiannual payments. If these bonds currently sell for 115 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| YTM | % |
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Your Finances Gods Way Workbook A Biblical Guide To Making The Best Use Of Your Money
Authors: Scott LaPierre
1st Edition
073698402X, 978-0736984027
