Problemsantos energy has 95 annual coupon bonds outstanding, Ask an Expert

Accounting

Problem:

Santos Energy has 9.5% annual coupon bonds outstanding with 15 years leff until maturity. The bonds have a face value (FV) of $1,000 and their current market price (PV) is $1,137.76.

Required:

Question: What is the YTM on Santos's bonds?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170531

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