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Sonic Enterprises Inc. is issuing a 15-year semiannual coupon bonds. The coupon rate is 9% and the current yield is 7.5%. What is the YTM

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Sonic Enterprises Inc. is issuing a 15-year semiannual coupon bonds. The coupon rate is 9% and the current yield is 7.5%. What is the YTM on the bond issue? 6.85% 16.50% 1.84% 3.00%

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