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In December of 2005 the Eastman Kodak Corporation EK had a straight bond issue outstanding that was due in eight years The bonds are selling for 108.126% per bond and pay a semiannual interest

In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are selling for 108.126%, per bond and pay a semiannual interest payment based on 7.25% (annual) coupon rate of interest. Assume that the bonds remain outstanding until maturity and that the company makes all promised interest and principal payments in a timeley basis. What is the YTM to maturity to the bondholders in December of 2005?

 

Apr 09 2020 View more View Less

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