Watters Umbrella Corp issued 15-bonds two years ago at a coupon rate of 7.8%. He bonds make semiannual payments. If these bonds currently sell for

Watters Umbrella Corp issued 15-bonds two years ago at a coupon rate of 7.8%. He bonds make semiannual payments. If these bonds currently sell for 105% of par value, what is the YTM?

QUESTION:Watters Umbrella Corp issued 15-bonds two years ago at a coupon rate of 7.8%. He bonds make semiannual payments. If these bonds currently sellfor 105% of par value, what is the YTM?...