Night hawk co issued 17-year bonds two years ago at a, Ask an Expert

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Night Hawk Co. issued 17-year bonds two years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments.

Required:

If these bonds currently sell for 97 percent of par value, what is the YTM? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Yield to maturity %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91581054

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