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Stein Co. issued 10-year bonds three years ago at a coupon rate of 6 percent. The bonds make semiannual payments. If these bonds currently sell

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Stein Co. issued 10-year bonds three years ago at a coupon rate of 6 percent. The bonds make semiannual payments. If these bonds currently sell for 90 percent of par value, what is the YTM? 8.89% 7.89% 9.89% 6.89%

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