
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Soprano's Spaghetti Factory issued 26-year bonds two years ago at a coupon rate of 7.50 percent. If these bonds currently
sell for 83.35 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a
percent rounded to 2 decimal places.)
YTM
%
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