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Stone Sour Corp. issued 24-year bonds 6 years ago at a coupon rate of 4.46 percent. The bonds make semiannual payments. If these bonds currently
Stone Sour Corp. issued 24-year bonds 6 years ago at a coupon rate of 4.46 percent. The bonds make semiannual payments. If these bonds currently sell for 96 percent of par value, what is the YTM?
(Enter your answer as a percentage, enter your answer with two decimal places.
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