Frfteen years age, Harrison and Cc. issued 25—year cpupen bonds. The yield to maturity at the time of issuance was in percent and the bands sold at 120% of par value. The hands are currently selling at 35% of par value. 1I’ll’hat is the current yield to maturity for these bonds? [Assume that the coupon is paid annually]. {Rnund your answer to 2 decimal places and record as a percent but without a percent sign. For example, reccmd 13.3393 5.43 “A: as 13.39}.

Frfteen years age, Harrison and Cc. issued 25—year cpupen bonds. The yield to maturity at the time of issuance was in percent and
the bands sold at 120% of par value. The hands are currently selling at 35% of par value. 1I’ll’hat is the current yield to maturity for
these bonds? [Assume that the coupon is paid annually]. {Rnund your answer to 2 decimal places and record as a percent but
without a percent sign. For example, reccmd 13.3393 5.43 “A: as 13.39}.

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