Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 99 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.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent.
The bonds make semiannual paymentsS.
If these bonds currently sell for 99 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
%
Par Value
1000
Transcribed Image Text:Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.9 percent. The bonds make semiannual paymentsS. If these bonds currently sell for 99 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 % Par Value 1000
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