Stf corporation issued 15 year par 1000 bonds 10 years ago


STF Corporation issued 15 year, par $1000 bonds 10 years ago at a coupon rate of 5%. The bonds make semi annual payments. If these bonds currently sell for 90% of par value, what is the Yield To Maturity (YTM)? Please show your work.

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Financial Management: Stf corporation issued 15 year par 1000 bonds 10 years ago
Reference No:- TGS01236470

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