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Greene Co. is planning a project for which it will issue new bonds. Bonds in the same risk class issued by similar firm are currently

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Greene Co. is planning a project for which it will issue new bonds. Bonds in the same risk class issued by similar firm are currently priced at $954.90, have a face value of $1,000, 25 years remaining to maturity, and pay coupons of $75 every year. If Greene's marginal tax rate is 34%, what is the pre-tax YTM for the debt? Select one: a. 7.50% b. 7.20% c. 7.92% o d. 8.12%

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