5 years ago a firm issued 50 million of 30 year bonds with


5 years ago a firm issued $50 million of 30 year bonds with a coupon rate of 6.5%. These bonds are currently priced at a discount. What can you tell me about the current yield to maturity (effective rate)?

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Financial Management: 5 years ago a firm issued 50 million of 30 year bonds with
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