Ashburn Corp. issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The...
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Ashburn Corp. issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? Input area: Settlement date Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2020 1/1/2043 5.60% 2 100 97 (Use cells A6 to B11 from the given information to complete this question. You must use the b answer this question. Leave the "Basis" input blank in the function.) Output area: Yield to maturity Ashburn Corp. issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? Input area: Settlement date Maturity date Annual coupon rate Coupons per year Redemption value (% of par) Bond price (% of par) 1/1/2020 1/1/2043 5.60% 2 100 97 (Use cells A6 to B11 from the given information to complete this question. You must use the b answer this question. Leave the "Basis" input blank in the function.) Output area: Yield to maturity
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