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One More Time Software has 8.8 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell

One More Time Software has 8.8 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 89.0 percent of par. What is the yield to maturity (YTM)

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