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Bare Trees United issued 1 3 - year bonds at a coupon rate of 8 . 5 percent. The bonds make semiannual payments. If these

Bare Trees United issued 13-year bonds at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds currently sell for $986, what is the YTM?
options
8.68%
8.42%
4.34%
9.13%

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