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A 25-year bond pays a semi-annual coupon, has a coupon rate of 4 percent, a par value of $1,000 and a present value of $500.

A 25-year bond pays a semi-annual coupon, has a coupon rate of 4 percent, a par value of $1,000 and a present value of $500. What is its YTM? 4.55% 8.15% 9.15% 9.10%

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