[Solved] Ngata Corp. issued 16-year bonds 2 years

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Ngata Corp. issued 16-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds currently sell

Ngata Corp. issued 16-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?

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