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mgm issued 20-year bonds 4 years ago at a coupon rate of 8.5 percent. the bonds make semiannual payments. if these bonds currently sell for

mgm issued 20-year bonds 4 years ago at a coupon rate of 8.5 percent. the bonds make semiannual payments. if these bonds currently sell for 91.4 percent of par value, what is the YTM?

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