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Stone Sour Corp. issued 30-year bonds 6 years ago at a coupon rate of 7.90 percent. The bonds make semiannual payments. If these bonds currently sell for 109 percent of par value, what is the YTM? |
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Stone Sour Corp. issued 30-year bonds 6 years ago at a coupon rate of 7.90 percent. The bonds make semiannual payments. If these bonds currently sell for 109 percent of par value, what is the YTM? |