Asked by Alec

Crossfade Co. issued 15-year bonds two years ago at a coupon rate of 6.9 percent. The bonds make semiannual payments.

Required:
If these bonds currently sell for 94 percent of par value, what is the YTM?

11 years ago

Answered by bob

940=34.5(PIVIFAr%,n)1,000(PVIFr%,n)

10 years ago

Answered by Todd

1213

9 years ago

Answered by Anonymous

3655

9 years ago

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