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Ackerman Co. has 10 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments. If the bond currently

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Ackerman Co. has 10 percent coupon bonds on the market with nine years left to maturity. The bonds make annual payments. If the bond currently sells for $905, the YTM is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g. 32.16))

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