HW Ch06
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4
11.11
points
Problem 6-4 Bond Yields (LO 2)
The Petit Chef Co. has 11.8 percent coupon bonds on the market with eight years left to
maturity. The bonds make annual payments and have a par value of $1,000.
If the bonds currently sell for $1,124.97, 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.)
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References
Yield to maturity
%