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Ngata Corp. issued 19-year bonds 2 years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If these bonds currently sell

Ngata Corp. issued 19-year bonds 2 years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM?

10.08%

9.17%

8.25%

11.00%

4.58%

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