What is the ytm for clapper corp

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Question 1: Clapper Corp. issued 12-year bonds 2 years ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM?

Reference no: EM132589275

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What is the ytm for clapper corp : Clapper Corp. issued 12-year bonds 2 years ago,The bonds make semiannual payments. If these bonds currently sell for 108 percent of par value, what is the YTM?
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