Question: Please answer the question Parkway Void Co. issued 20-year bonds two years ago at a coupon rate of 5.4 percent. The bonds make quarterly payments.

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Parkway Void Co. issued 20-year bonds two years ago at a coupon rate of 5.4 percent. The bonds make quarterly payments. If these bonds currently sell for 106 percent of par value, what is the YTM and EAR?

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