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A company raised money externally by selling bonds with 18 years to maturity. The bonds' coupon rate is 7.6 percent, and they make annual coupon

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A company raised money externally by selling bonds with 18 years to maturity. The bonds' coupon rate is 7.6 percent, and they make annual coupon payments. These bonds are currently selling for $1,000. Calculate the yield to maturity on these bonds. - To solve for the yield to maturity, one can use the financial calculator. In the calculator, put for " N " (the number of coupon payments) and for "PMT" (coupon amount). - The calculated yield to maturity is \%. (increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 1.23.) - Also, these bonds are known as

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