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Ngata Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. If these bonds currently sell

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Ngata Corp. issued 15-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, what is the YTM? ? 5.01% ? 11.02% ? 12.02% ? 10.02% ? 9.02%

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