Yield to maturity with semiannual coupon payments
Question:
Stone Sour Corp. issued 20-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?
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The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
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