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The Jenny Z. Company currently has a bond outstanding with a coupon rate of 14 percent and semiannual naymente. The bond is currently selling for
The Jenny Z. Company currently has a bond outstanding with a coupon rate of 14 percent and semiannual naymente. The bond is currently selling for $4,960.25. The bond matures th 14 years and has a par value is $5,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds? 7.07% 26,26% 14.18% 1413%
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