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Crossfade Co. Issued 16-year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments. Required: If these bonds currently

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Crossfade Co. Issued 16-year bonds two years ago at a coupon rate of 9 percent. The bonds make semiannual payments. Required: If these bonds currently sell for 114 percent of par value, what is the YTM? (Do not round Intermediate calculations, Round your answer to 2 decimal places (0.9., 32,16).) Yield to maturity

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