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Chipotle issued 15-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds currently sell for

Chipotle issued 15-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds currently sell for 113 percent of par value, what is the YTM? 8.71% 7.96% 8.27% 8.46% 7.52%

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