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The current market price of Jones Corporation's 4 percent, 20-year bonds is $952.93. Coupon interest payments are semiannual, and the par value is equal to
The current market price of Jones Corporation's 4 percent, 20-year bonds is $952.93. Coupon interest payments are semiannual, and the par value is equal to $1,000. What is the YTM?
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