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11. Trickle Corporation's 14 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 17 years. The bonds currently sell for $1,230.51 in

11. Trickle Corporation's 14 percent coupon rate, semiannual payment, $1,000 par value bonds which mature in 17 years. The bonds currently sell for $1,230.51 in the market. What is the bond Yield-to-Maturity (YTM) ?

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