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LKM, Inc, wants to issue new 20 year bonds for som emuch needed expansion projects. The company currently has bonds on the market that sell

LKM, Inc, wants to issue new 20 year bonds for som emuch needed expansion projects. The company currently has bonds on the market that sell for $972.78, making semi-annual payments, with a 6.5% coupon rate. What is the yield to maturity of the bond? Please explain! Thanks

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