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22. What is the YTM of a MTY bond that has a 9 1/2 percent coupon, pays interest semi-annually, has 12 years to maturity, and

22. What is the YTM of a MTY bond that has a 9 1/2 percent coupon, pays interest semi-annually, has 12 years to maturity, and sells for $871.50? (Points : 3)

11.3% 11.5% 11.8% 12.1%

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