Near West, Corp. issued 15-year bonds seven years ago at a coupon rate of 4.25 percent. The
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Near West, Corp. issued 15-year bonds seven years ago at a coupon rate of 4.25 percent.
The bonds make semiannual payments. If these bonds currently sell for 93.25 percent of par value, what is the YTM?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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