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West Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments. If these bonds currently sell
West Corp. issued 18-year bonds 2 years ago at a coupon rate of 10.1 percent. The bonds make semiannual payments. If these bonds currently sell for 100 percent of par value, what is the YTM? |
Multiple Choice
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11.11%
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10.10%
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12.12%
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5.05%
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9.09%
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