The bonds make semiannual payments if these bonds currently, Financial Management

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The bonds make semiannual payments if these bonds currently

Skolits Corp. issued 20-year bonds 2 years ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

YTM %?

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Financial Management: The bonds make semiannual payments if these bonds currently

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