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Heginbotham Corp. issued 15-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds currently sell

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Heginbotham Corp. issued 15-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds currently sell for 103 percent of par value, what is the YTM? (Do not Nound intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g, 2.16.) YTM eBook & Resources eBook 7.1 Bonds and Bonds Valuation

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