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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
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 13 (Use cells A6 to B11 from the given information to complete this question. You must use the built-in 14 Excel function to answer this question. Leave the "Basis" input blank in the function.)
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