Question: Techcorp L t d . issued 1 0 - year bonds 2 years ago a t a coupon rate o f 1 0 per cent.

Techcorp Ltd. issued 10-year bonds 2 years ago at a coupon rate of10 per cent. The bonds provide semiannual payments.
Required:
If these bonds currently sell for 117.1 per cent of par value, what is the YTM?

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