Question: How do I solve this by hand with no excel just calculator and pencil West Corp. issued 10-year bonds two years ago at a coupon
How do I solve this by hand with no excel just calculator and pencil
West Corp. issued 10-year bonds two years ago at a coupon rate of 7.5 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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