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Linville Corporation issued 12-year, par $1,000 bonds seven years ago at a coupon rate of 5 percent. If these bonds currently sell for 85 percent

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Linville Corporation issued 12-year, par $1,000 bonds seven years ago at a coupon rate of 5 percent. If these bonds currently sell for 85 percent of par value, what is its yield to maturity (YTM)? 9.7 6.2% 12.5% 8.8%

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