Question

Julie’s Gardens issued 17-year bonds 3 years ago at a coupon rate of 8.8 percent. The...

Julie’s Gardens issued 17-year bonds 3 years ago at a coupon rate of 8.8 percent. The bonds make semiannual payments. If these bonds currently sell for 95.6 percent of par value, what is the YTM?

Group of answer choices

9.32%

9.23%

9.91%

9.37%

9.73%

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Answer #1

Answer - 9.37%

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