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Stone Sour Corp issued 20 year bonds two years ago at a coupon rate of 7.1 percent. The bonds make seminannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?

Settlement Date 1/1/2000

Maturity Date 1/1/2018

Annual coupon rate 7.10%

Coupons per year: 2

Face value (% of par) 100

Bond Price (% of par) 105

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92074384

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