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Soprano s Spaghetti Factory issued 2 1 - year bonds two years ago at a coupon rate of 7 . 0 0 percent. If these

Sopranos Spaghetti Factory issued 21-year bonds two years ago
at a coupon rate of 7.00 percent. If these bonds currently sell for
90.60 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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