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17. Balphabet Inc. plans to issue a $1,000 par, semi-annual pay bond with 10 years to maturity and a coupon rate of 10.00%. The company

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17. Balphabet Inc. plans to issue a $1,000 par, semi-annual pay bond with 10 years to maturity and a coupon rate of 10.00%. The company expects the bonds to sell for $970.00. What is the YTM of the bond? a. 9.873% b. 10.492% c. 8.450% d. 11.014% e. None of the above

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