Stein co issued 16-year bonds two years ago at a coupon, Ask an Expert

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Stein Co. issued 16-year bonds two years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments.

If these bonds currently sell for 109 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Yield to maturity

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92811861

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