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Milvaney Supplies issued 9 - year 9 percent semiannual coupon bonds 2 years ago. The bonds sell for 9 3 percent of par value today.

Milvaney Supplies issued

9 -

year

9

percent semiannual coupon bonds

2

years ago. The bonds sell for

93

percent of par value today. What is the yield

-

-

maturity on these bonds?

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