Bonds two years ago at coupon rate

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Reference no: EM131313930

Stein Co. issued 14-year bonds two years ago at a coupon rate of 9.2 percent. The bonds make semiannual payments.

If these bonds currently sell for 107 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Yield to maturity

Reference no: EM131313930

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