Question: Watters Umbrella Corp. issued 1 5 - year bonds 2 years ago at a coupon rate of 8 . 2 percent. The bonds make semiannual

Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 8.2 percent. The bonds make semiannual payments. If these bonds currently sell for 85 percent of par value, what is the YTM?

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