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A bond that currently sells for 115% of par value has 20 years left to maturity and makes a $70 annual coupon payment. This bond

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A bond that currently sells for 115% of par value has 20 years left to maturity and makes a $70 annual coupon payment. This bond must have a yield to maturity (YTM) less than what percentage rate? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the sign in your response. For example, en answer of 15.39% would be ered as 15.39 Numerie Response

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