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Macro Co.'s 17-year bonds have an annual coupon rate of 6.5%. Each bond has a face value of $1,000 and makes semi-annual interest payments. If

Macro Co.'s 17-year bonds have an annual coupon rate of 6.5%. Each bond has a face value of $1,000 and makes semi-annual interest payments. If the bonds are trading at $885, what is the yield to maturity(YTM) on these bonds? 7.7389% 7.3446% 5.3724% 5.3626% 7.7266%

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