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Jetset Corp has bonds outstanding in the market. Its bonds are $ 1,000, 25 year bonds with coupon rate 14%, paid semiannualy. There are exactly
Jetset Corp has bonds outstanding in the market. Its bonds are $ 1,000, 25 year bonds with coupon rate 14%, paid semiannualy. There are exactly 20 years left to maturity. if the current price in the market for these bonds is $ 875.52. what is the market yield on the bonds?
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