The bonds make semiannual payments

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Stone Sour Corp. issued 20-year bonds 6 years ago at a coupon rate of 7.30 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM13971141

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