C Inc., issued 15 Year bonds 2 years ago at a coupon rate of 6.40% percent. The bonds make semi- annual payments. If these bonds currently sell for 106 percent of par value, what is the YTM? Settlement date 1/1/2000 Maturity date 1/1/2013 Annual coupon rate =6.40% Coupons per year =2 Face value (% of …
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