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Five years ago, Ryder Mechanical Inc. issued $10 million in 30-year bonds with an annual coupon rate of 9.0% (paid semi-annually). You purchased $8,000 of

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Five years ago, Ryder Mechanical Inc. issued $10 million in 30-year bonds with an annual coupon rate of 9.0% (paid semi-annually). You purchased $8,000 of the issue. Today, the bonds are selling at 123.0% of par value. What is your yield to maturity on the bonds today? (% to THREE decimals)

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