Question: 6 - 7 . Ashburn Co . issued 2 5 - year bonds two years ago at a coupon rate of 5 . 6 percent.

6-7. Ashburn Co. issued 25-year bonds two years ago at a coupon rate of 5.6 percent. The bonds make annual payments. If these bonds currently sell for 97 percent of par value, what is the YTM?
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6 - 7 . Ashburn Co . issued 2 5 - year bonds two

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