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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 14

Blue Crab Inc. plans to issue new bonds but is uncertain how the market would set the yield to maturity. The bonds would be 14 year to maturity carry a 10.11 percent annual coupon and have a $1,000 par value. Ble Crab Inc. has determined that these binds would sell for $1,393 each. What is the yield to maturity for these bonds?

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