Question: Qin. Corp issued 2 0 - year bonds 2 years ago at a coupon rate of 8 . 6 percent. The bonds make semiannual payments.

Qin. Corp issued 20-year bonds 2 years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM?

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