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Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, a par value of $1,000, and a current yield of 5.8682%. What is the

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Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, a par value of $1,000, and a current yield of 5.8682%. What is the bond's YTM? O 9.97% 2.50% 3.63% 5.00% 5.61%Excel Built-in Rate Function: =RATE(nper,pmt,pv,fv,type,guess) x 2 where nper = years to maturity x 2; pmt = (Annual coupon rate x face value (i.e. par value) of bond)/2; pv = Price of the bond (a cash outflow); fv = Maturity value (i.e., face value). We can either assign 0 to Type or we can just omit it. We can omit "guess"

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