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E9-1 CG Forest and Paper Ltd. raises capital by selling 5,000,000 worth of debt with flotation costs equal to 3% of its par value. If

E9-1 CG Forest and Paper Ltd. raises capital by selling 5,000,000 worth of debt with flotation costs equal to 3% of its par value. If the debt matures in 15 years and has coupon rate of 6% (paid annually), what is the bond's YTM

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