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Ordinary bonds issued by Merrill Lynch mature in 20 years and pay coupons twice per year. These Merrill Lynch bonds, which are scheduled to pay

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Ordinary bonds issued by Merrill Lynch mature in 20 years and pay coupons twice per year. These Merrill Lynch bonds, which are scheduled to pay a coupon in exactly 6 months, currently sell for $1,043.47. If these Merrill Lynch bonds have an annual coupon rate of 6.4%, their YTM is: 17 Multiple Choice 8 01:50:28 Skipped 3.01% eBook O 5.72% 4.52% 5.42% 6.02%

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