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Sandberg engineering has some 15 -year, $1,000 par bonds outstanding, which have a coupon interest rate of 9% and pay interest annually. What is the

Sandberg engineering has some 15 -year, $1,000 par bonds outstanding, which have a coupon interest rate of 9% and pay interest annually. What is the yield to maturity on the bonds if their market price is (a) $1,180 YTM=6.96% (b) $800 YTM=11.92%

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