Night hawk co issued 15-year bonds two years ago at a, Ask an Expert

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Night Hawk Co. issued 15-year bonds two years ago at a coupon rate of 8.4 percent. The bonds make semiannual payments.

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Question: If these bonds currently sell for 108 percent of par value, what is the YTM?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167187

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