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Soo Lee Imports issued 25-year bonds 2 years ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. These bonds currently sell
Soo Lee Imports issued 25-year bonds 2 years ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. These bonds currently sell for 84 percent of par value. What is the yield-to-maturity?
? % (Please answer precisely, then take the final answer and round it to the hundred decimal)
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