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Watters Umbrella Corp. issued 20-year bonds 2 years ago at a-(Answered)

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Watters Umbrella Corp. issued 20-year bonds 2 years ago at a coupon rate of 5.4 percent. The bonds make semiannual payments. If these bonds currently sell for 85 percent of par value, what is the YTM?

 

Paper#9256186 | Written in 27-Jul-2016

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