Whatcom Corp. issued 20-year bonds 3 years ago at a coupon rate of 2.5 percent. The...
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Whatcom Corp. issued 20-year bonds 3 years ago at a coupon rate of 2.5 percent. The bonds make semiannual payments. If these bonds currently sell for 95 percent of par value (assume $1,000), what is the YTM on this bond? Sample answer format: enter 3.24 for 3.24% and NO % sign. Whatcom Corp. issued 20-year bonds 3 years ago at a coupon rate of 2.5 percent. The bonds make semiannual payments. If these bonds currently sell for 95 percent of par value (assume $1,000), what is the YTM on this bond? Sample answer format: enter 3.24 for 3.24% and NO % sign.
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