Problemstone sour corp issued 10-year bonds 2 years ago at, Ask an Expert

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Problem:

Stone Sour Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.40 percent. The bonds make semiannual payments.

Required:

Question: If these bonds currently sell for 105 percent of par value, what is the YTM %?

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168957

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