What is the ytm if bonds issued at given coupon rate


Stone Sour Corp. issued 10-year bonds 2 years ago at a coupon rate of 7.80 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the ytm if bonds issued at given coupon rate
Reference No:- TGS0552216

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)