Braemar corp issued f-year bonds two years ago at a coupon


Braemar Corp. issued F-year bonds two years ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, assume F means 12 years. What is the YTM?

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Finance Basics: Braemar corp issued f-year bonds two years ago at a coupon
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