Question: 9 . AYC issued 1 0 - year bonds with a coupon rate of 5 % . The bond makes semiannual payments. If these bonds

9.AYC issued 10-year bonds with a coupon rate of 5%. The bond makes semiannual payments. If these bonds currently sell for 90% of par value. What is the YTM?( pleas explain how and why you would've used or gotten the face value)

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