These bonds carry a coupon rate of 825 make semi-annual


DowDuPont Co. has bonds outstanding which are priced at $1,091.20 per bond. These bonds carry a coupon rate of 8.25%, make semi-annual payments, mature in 11 years, and have a par value is $1,000. What’s the annual YTM on these bonds?

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Financial Management: These bonds carry a coupon rate of 825 make semi-annual
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