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Keyser Materials has 9 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 93

Keyser Materials has 9 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 93 percent of par. what is the current yield on keyser materials bonds? YTM? the effective annual yield?

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