What is the ytm
Problem
West Corp. issued 15-year bonds two years ago at a coupon rate of 8.2 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM?
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West Corp. issued 15-year bonds two years ago at a coupon rate of 8.2 percent. If these bonds currently sell for 103 percent of par value, what is the YTM?
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