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XKL Co.has 9.2 percent semiannual-pay coupon bonds that sell for 97.5 percent of par and mature in 22 years. What is the yield to maturity

XKL Co.has 9.2 percent semiannual-pay coupon bonds that sell for 97.5 percent of par and mature in 22 years. What is the yield to maturity for these bonds in percent?

• 9.47

• 9.16

• 4.08

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