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Ashburn Company issued 2 5 - year bonds two years ago at a coupon rate of 6 percent. The bonds make semiannual payments. If these

Ashburn Company issued

25 -

year bonds two years ago at a coupon rate of

6

percent. The bonds make semiannual payments. If these bonds currently sell for

97

percent of par value, what is the YTM using the table?

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