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Night Hawk Co. issued 16-year bonds two years ago at a coupon rate of 9.0 percent. The bonds make semiannual payments. Required: If these bonds
Night Hawk Co. issued 16-year bonds two years ago at a coupon rate of 9.0 percent. The bonds make semiannual payments. Required: If these bonds currently sell for 114 percent of par value, what is the YTM?
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