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Tesla would like to issue 40 year, 6.4% coupon bonds, paid monthly, with a principal of $100. What is the annual YTM of these bonds

Tesla would like to issue 40 year, 6.4% coupon bonds, paid monthly, with a principal of $100. What is the annual YTM of these bonds if the fair price of the bond is $125.00.

Group of answer choices

0.4%

5.3%

5.0%

0.2%

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