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The $1000 face value bonds of Shonesy International have 7.5% coupon and pay interest annually. Currently, the bonds are quoted at 95.27 and mature in
The $1000 face value bonds of Shonesy International have 7.5% coupon and pay interest annually. Currently, the bonds are quoted at 95.27 and mature in 3.5 years. What is the YTM?
Please show work or how it is done on the CALC
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