finance questions

Anonymous
timer Asked: Mar 11th, 2016

Question description

A Japanese company has a bond outstanding that sells for 94 percent of its ¥100,000 par value. The bond has a coupon rate of 6.10 percent paid annually and matures in 17 years.

Stone Sour Corp. issued 25-year bonds 6 years ago at a coupon rate of 8.90 percent. The bonds make semiannual payments. If these bonds currently sell for 110 percent of par value, what is the YTM?

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