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Problem 2 : Bond Yields. Leeland Co . has 8 . 5 0 % coupon bonds on the market with 5 years left to maturity.

Problem 2: Bond Yields. Leeland Co. has 8.50% coupon bonds on the market with 5 years left to maturity. The bonds make annual payments. If the bond currently sells for $946.65, what is its YTM? Its YTM is %.
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