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Crossfade Co. issued 14-year bonds two years ago at a coupon rate of 9.2 percent. The bonds make semiannual payments. If these bonds currently sell

Crossfade Co. issued 14-year bonds two years ago at a coupon rate of 9.2 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM?

Yield to maturity

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