Problemstone sour corp issued 15-year bonds 2 years ago at, Ask an Expert

Accounting

Problem:

Stone Sour Corp. issued 15-year bonds 2 years ago at a coupon rate of 8.80 percent. The bonds make semiannual payments.

Requirement:

Question: If these bonds currently sell for 109 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.:- M91171034

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