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18. West Corporation issued 22 -year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds

18.

West Corporation issued 22 -year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM? Multiple Choice 11.96% 8.97% 10.96% 4.98% 9.97%

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