Business, 19.03.2020 01:25, Heavenleigh302

West Corp. issued 25-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments.

If these bonds currently sell for 105 percent of par value, what is the YTM?

(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

Please explain using the HP 10b11+ Financial Calculator

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West Corp. issued 25-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semian...