Ngata Corp. issued 19-year bonds 2 years ago at a coupon rate of 9.6 percent....
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Accounting
Ngata Corp. issued 19-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM?
a. 9.68%
b. 4.40%
c. 8.80%
d. 7.92%
e. 10.56%
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