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Sopranos Spaghetti Factory issued 27-year bonds two years ago at a coupon rate of 7.70 percent. If these bonds currently sell for 81.90 percent of

Sopranos Spaghetti Factory issued 27-year bonds two years ago at a coupon rate of 7.70 percent. If these bonds currently sell for 81.90 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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