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One More Ti e Software has 1 2 . 3 8 % coupon bonds on the market with 1 5 years to maturity. The bonds

One More Tie Software has 12.38% coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 120.96% of par. What is the current yield on the bonds? (Round your final answer to two decimal places and express in percentage form; i.e.,x.x%)
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