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Ashburn Company issued 16year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments. If these bonds currently sell
Ashburn Company issued 16year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments. If these bonds currently sell for 114 percent of par value, what is the YTM? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct
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