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

Ashburn Corp. issued 25-year bonds two years ago at a coupon rate of 5.6
2 percent. The bonds make semiannual payments. If these bonds currently sell for
97 percent of par value, what is the YTM?
3
4 Input area:
5
(Use cells A6 to B11 from the given information to complete this question. You must use the built-it
answer this question. Leave the "Basis" input blank in the function.)
Output area:
17
18
Yield to maturity
5.86%
19
20
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