Bonds make semianual payments

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Wathers Umbrella Corp. issues 15 years bonds 2 years ago at coupon rate of 7.8%. The bonds make semianual payments. If these bonds currently sell for 105% of par value, what is the YTM?

Settlement (Think of Settlement as the beginning of the duration of the bond.)

Maturity (Think of Maturity as the end of the duration of the bond.)

Rate (Coupon Rate)

Pr (The bonds price per $100 face value)

Redemption (Bonds Face Value, Par Value, or Fair Price; Note that is $100, not $1,000.)

Frequency (Coupon payments are semiannual, so you put in a 2. If they are annual, then you input a 1.)

Basis: (Always leave it blank.)

YTM=? What is the YTM?

Reference no: EM131190936

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