Watters Umbrella Corp. issued 1 5 - year bonds 2 years ago at a coupon rate of

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Question:

Watters Umbrella Corp. issued

15 -

year bonds

2

years ago at a coupon rate of

5.9

percent. The bonds make semiannual payments. If these bonds currently sell for

105

percent of par value, what is the YTM

?

Posted Date: May 18, 2024 10:04 PM

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Watters Umbrella Corp. issued 1 5 - year bonds 2 years ago at a coupon rate of

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