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Bellred Corp. issued 15-year bonds five years ago at a coupon rate of 9.6 percent. The bonds make quarterly payments. If these bonds currently sell

Bellred Corp. issued 15-year bonds five years ago at a coupon rate of 9.6 percent. The bonds make quarterly payments. If these bonds currently sell for 95 percent of par value, what is the YTM? 10.41% 5.21% 2.60% 8.56% 11.26%

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