Mathematics
Mathematics, 10.02.2020 23:16, ayoismeisalex

Stein Co. issued 16-year bonds two years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments.

If these bonds currently sell for 104 percent of par value, what is the YTM?

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Stein Co. issued 16-year bonds two years ago at a coupon rate of 9.5 percent. The bonds make semiann...

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