The bonds make semi-annual payments

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Reference no: EM13728649

Crossfade Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semi-annual payments.

Required:

If these bonds currently sell for 105 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13728649

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