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Question 12 (10 points) [Exam 3 - Bond YTM] Southern Co. has a semiannual bond with a coupon rate of 10.2 percent. The bonds mature

Question 12 (10 points) [Exam 3 - Bond YTM] Southern Co. has a semiannual bond with a coupon rate of 10.2 percent. The bonds mature in 20 years and have par value of $1,000. If these bonds currently sell for $835, what is the yield to maturity (YTM)? Instruction: Calculate the YTM in percentage and round to two decimal places. Do not include the percentage (%) sign. A/

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