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The Westenfelder Group issued bonds 21 years ago with an original maturity of 30 years. The bonds have a coupon rate of 7% and are

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The Westenfelder Group issued bonds 21 years ago with an original maturity of 30 years. The bonds have a coupon rate of 7% and are quoting at 103.85. The bonds make annual payments. What is the YTM on these bonds? Multiple Choice 7.34% O 5.59% 6.42% 7.42%

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