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18. ICX Company has an issue ofperpetual bonds (par value to $1,000) that pays 5% interest. Determine the yield (to the nearest tenth of 1

18. ICX Company has an issue ofperpetual bonds (par value to $1,000) that pays 5% interest. Determine the yield (to the nearest tenth of 1 percent) if the bonds annual are currently selling for $625

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