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The Jenny Z. Company currently has a bond outstanding with a coupon rate of 8 percent and semiannual payments. The bond is currently selling for
The Jenny Z. Company currently has a bond outstanding with a coupon rate of 8 percent and semiannual payments. The bond is currently selling for $5,676.95. The bond matures in 15 years and has a par value is $5,000. What is the yield to maturity (YTM) of the Jenny Z bonds
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