Homework answers / question archive / Soprano's Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 6

Soprano's Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 6

Finance

Share With

Soprano's Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 6.40 percent. If these bonds currently sell for 103.65 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

YTM= %