Chen Corporation issued 10-year bonds two years ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? solutionspile.com

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Chen Corporation issued 10-year bonds two years ago at a coupon rate of 7.5 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?  solutionspile.com

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