Disequilibrium corporation issued 15-year bonds two years, Financial Management

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Disequilibrium corporation issued 15-year bonds two years

Disequilibrium Corporation issued 15-year bonds two years ago at a coupon rate of 8.5 percent. The bonds make semiannual coupon payments, and currently sell for 106 percent of par value. Calculate the YTM. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management: Disequilibrium corporation issued 15-year bonds two years

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