Stein Co. issued 13-year bonds two years ago at a coupon rate of 9.8 percent
Question # 00609123
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Updated on: 10/29/2017 01:13 AM Due on: 10/29/2017
Stein Co. issued 13-year bonds two years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments.
If these bonds currently sell for 101 percent of par value, what is the YTM?
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Rating:
/5
Solution: Stein Co. issued 13-year bonds two years ago at a coupon rate of 9.8 percent