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Now let's say that Bourdon Software has 7.4 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and

Now let's say that Bourdon Software has 7.4 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 101 percent of par.

What is the YTM?

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