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Ngata Corp. issued 12-year bonds 2 years ago at a coupon rate of 8.4%. The bonds make semiannual payments. If these bonds currently sell for

Ngata Corp. issued 12-year bonds 2 years ago at a coupon rate of 8.4%. The bonds make semiannual payments. If these bonds currently sell for 105% of par value, what is the YTM?

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