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Ngata Corp. Issued 1 2 - year bonds 2 years ago at a coupon rate of 9 . 6 percent. The bonds make semiannual payments.

Ngata Corp. Issued 12-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. iIf these bonds currently sell for 99 percent of par value what is the YTM?

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