Keyser materials has 8 percent coupon bonds on the market


Keyser Materials has 8 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield on Keyser Materials bonds? The YTM? The effective annual yield (EAR)?

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Financial Management: Keyser materials has 8 percent coupon bonds on the market
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