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gnment Ch.10 (A) Help Save Soprano's Spaghetti Factory issued 23-year bonds two years ago at a coupon rate of 7.40 percent. If these bonds currently

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gnment Ch.10 (A) Help Save Soprano's Spaghetti Factory issued 23-year bonds two years ago at a coupon rate of 7.40 percent. If these bonds currently sell for 8770 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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