Question: Problem 8 - 3 Bond Yields Ashburn Corporation issued 2 0 - year bonds 2 years ago at a coupon rate of 9 percent. The
Problem Bond Yields
Ashburn Corporation issued year bonds years ago at a coupon rate of percent. The bonds make semiannual payments. If these bonds currently sell for percent of par value, what is the YTMDo not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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