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I need assistance with a question. Can you please show me the steps I need to take to solve this problem. Thanks. Rau Inc. has
I need assistance with a question. Can you please show me the steps I need to take to solve this problem. Thanks.
Rau Inc. has 6.0 percent coupon bonds on the market with 9 years to maturity.The bonds make semi-annual payments and currently sell for 110 percent of par.What is the YTM?
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