Question: Johanson VI Advisors issued 1 000 par value bonds a few
Johanson VI Advisors issued $1,000 par value bonds a few years ago with a coupon rate of 7 %, paid semiannually. After the bonds were issued, interest rates fell. Now with three years remaining before they mature, the bonds sell for $1,055.08. What YTM do these bonds offer?
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