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Ashburn Corporation issued 1 0 - year bonds two years ago at a coupon rate of 7 . 5 percent. The bonds make semiannual payments.
Ashburn Corporation issued year bonds two years ago at a coupon rate of percent. The bonds make semiannual payments. If these bonds currently sell for percent of par value, what is the YTMDo not round intermediate calculations
and enter your answer as a percent rounded to decimal places, eg
VTM
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