Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannuapayments. If these bonds currently sell for 105 percent of par value, what is the YTM?O 10.69%O 9.80%O4.45%O 8.91%O 8.02%

The question is based on the concept of calculation of yield to maturity (YTM) of a bond investment.…

Answered: Ngata Corp. issued 18-year bonds 2…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3EB: Smashing Cantaloupes Inc. issued 5-year bonds with a par value of $35,000 and an 8% semiannual...

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Ngata Corp. issued 18-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannua payments. If these bonds currently sell for 105 percent of par value, what is the YTM? O 10.69% O 9.80% O4.45% O 8.91% O 8.02%