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A firm issues a 20 year bond that will make quarterly payments. The coupon rate is 8%, and the face value is 1000 . The

A firm issues a 20 year bond that will make quarterly payments. The coupon rate is 8%, and the face value is 1000 . The market price is $938. What is the YTM? 2.16% 8% 8.64% 8.7%

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