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Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 30-year

Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 30-year to maturity, carry a 11.14% annual coupon, and have a $1000 par value. Blue Crab, Inc. has determined that these bonds would sell for $952 each. What is the yield to maturity for these bonds?

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