medium · Private Credit & Debt documentation-covenants-terms
A distressed loan for 'Vertex Retail' is purchased at 75 cents on the dollar. It has an 8% coupon and 2 years to maturity.
What is the approximate Yield to Maturity (YTM) using simple pull-to-par?
- 20.50%
- 10.67%
- 27.33%
- 18.67%
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