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Ngata Corp. issued 21-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell
Ngata Corp. issued 21-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 101 percent of par value, what is the YTM?
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