Question
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?
Answers
bob
940=34.5(PIVIFAr%,n)1,000(PVIFr%,n)
Todd
1213
Anonymous
3655