The bonds make semiannual payments if these bonds currently
Southwest Airlines issued 15-year bonds 2 years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds currently sell for 98.6 percent of par value, what is the YTM?
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southwest airlines issued 15-year bonds 2 years ago at a coupon rate of 85 percent the bonds make semiannual payments
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