How much is the yield to maturity ytm on this new


GM will issue a new bond with maturity date 9/20/2017. Based on GM's AA rating, investors require 3% risk premium to compensate for the default risk. If C.D. account offers 1.5% return rate, how much is the yield to maturity (YTM) on this new bond?

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Financial Management: How much is the yield to maturity ytm on this new
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