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please show work, written out and clear much preferred West Corp. issued 15 -year bonds 2 years ago at a coupon rate of 10.6 percent.

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West Corp. issued 15 -year bonds 2 years ago at a coupon rate of 10.6 percent. The bonds make semiannual payments. If these bonds currently sell for 95 percent of par value, what is the YTM? Assume a par value of $1,000. Multiple Choice 1134x 1172% 11.62% 1156%

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