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If Pro Bass Shops twenty-year bonds are currently selling for $992, the coupon rate is 4.6% and coupons are semi-annual, then what is the YTM?

If Pro Bass Shops twenty-year bonds are currently selling for $992, the coupon rate is 4.6% and coupons are semi-annual, then what is the YTM?

A) 2.333%

B) 2.633%

C) 4.6%

D) 4.662%

E) None of the above

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