Question: Question 8 (10 points) ABC Inc issued 15-year bonds four years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If

Question 8 (10 points) ABC Inc issued 15-year bonds four years

Question 8 (10 points) ABC Inc issued 15-year bonds four years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If these bonds currently sell for 112 percent of par value, what is the YTM? 1) 6.90% -2) 7.00% 3) 7.10% 4) 7.20% 5) 7.30% to Save

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