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Mircotech Co. issued 10-year bonds three years ago at a coupon rate of 8.50%. The bonds make semiannual payments. If the bonds currently sell for

Mircotech Co. issued 10-year bonds three years ago at a coupon rate of 8.50%. The bonds make semiannual payments. If the bonds currently sell for 92% of par value, what is the YTM? 5.06% None of the answers is correct! 8.5% 09.1% 10.12%

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