Bonds make semiannual payments

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Stone Sour Corp. issued 30-year bonds 7 years ago at a coupon rate of 8.20 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))

YTM ______%

Reference no: EM131612251

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