Question: Poseidon Corp. is issuing 2 0 - year, $ 1 , 0 0 0 face - value bond bonds. The bonds pay semiannual coupons at

Poseidon Corp. is issuing 20-year, $1,000 face-value bond bonds. The bonds pay semiannual coupons at a 6% annual rate, but will not be offered at par.
a. If the bonds are offered for sale at $952.00, what is their YTM?
b. What is the bond's YTM if they are offered for sale at $1,080?
c. What is the bond's YTM if they are offered for sale at $760?

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