Bonds make semi annual payments

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Cavu Air Inc., issued 15 Year bonds 2 years ago at a coupon rate of 7.30% percent. The bonds make semi annual payments. If these bonds currently sell for 103 percent of par value, what is the YTM?

Settlement date  1/1/2000

Maturity date 1/1/2013

Annual coupon rate 7.30%

Coupons per year 2

Face value (% of par)  100

Bond price (% of par) 103

Reference no: EM131947711

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