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Sopranos Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 6.40 percent. If these bonds currently sell for 93.5 percent of

Sopranos Spaghetti Factory issued 12-year bonds two years ago at a coupon rate of 6.40 percent. If these bonds currently sell for 93.5 percent of par value, what is the YTM? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

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