2. Stone Sour Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.10 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM? (Round your answer to 2 decimal places. (e.g., 32.16))
Ponzi Corporation has bonds on the market with 19.5 years to maturity, a YTM of 8.00 percent, and a current price of $1,069. The bonds make semiannual payments.
What must the coupon rate be on these bonds? (Round your answer to 2 decimal places. (e.g., 32.16))
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