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West Corporation issued 1 6 - year bonds 2 years ago at a coupon rate of 9 . 5 percent. The bonds make semiannual payments.

West Corporation issued 16-year bonds 2 years ago at a coupon rate of 9.5 percent. The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM?
Multiple Choice
10.59%
11.56%
9.63%
4.82%
8.67%

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